$2B Economic Value Seen In Vancouver Oil Terminal

portvancouverAn oil export terminal at the Port of Vancouver could generate an estimated $2 billion in economic value, according to an analysis prepared for the companies planning the project. Most of the money would go to workers operating the terminal and those that support operations over 15 years. The Columbian reports the analysis was released Friday by Vancouver Energy, the joint venture of Tesoro Corp. and Savage Companies.

The information prepared by Analysis Group of Boston will go into the draft environmental impact statement for the proposed project. The state Energy Facility Site Evaluation Council is expected to make a recommendation next year to Washington Gov. Jay Inslee. The terminal would take oil trains from North Dakota and transfer the oil to barges for West Coast refineries. VANCOUVER, Wash. (AP) – August 22, 2014  IMAGE/cityofvancouver.us/