Port of Vancouver weighs testimony from backers opponents of planned oil facility

first_imgTesoro has been a tenant at the Port of Vancouver for years, handling gasoline and diesel.Based in San Antonio, Texas, the publicly-traded company is one of the largest petroleum refiners and marketers in the United States.It has more than 5,700 full-time employees — 1,350 of whom are covered by collective bargaining agreements. It owns and operates seven petroleum refineries in the western United States, according to a recent filing with the U.S. Securities and Exchange Commission.The company reported net income of $93 million, or 67 cents per share, in this year’s first quarter. That compares with net income of $56 million, or 39 cents per share, for the January-to-March period in 2012.The Port of Vancouver got an earful Thursday from backers and opponents of a proposed crude-oil transfer terminal who packed the Board of Commissioners’ hearing room to trumpet their arguments.Executives with Tesoro Corp. and Savage Companies, who want to build the terminal to handle as much as 380,000 barrels of oil per day, told commissioners the project capitalizes on rising U.S. oil production, boosts the local economy and will operate in ways that minimize harm to the environment.“A lot of family-wage jobs will be created,” said Kent Avery, a senior vice president for Savage.Critics told commissioners the project, which would haul oil by rail and move it over water, conflicts with the port’s own sustainability goals, increases the risk of oil spills in the Columbia River and further fuels global warming.last_img read more