San Diego, CA – Poseidon Resources today announced that it has recovered $3,932.64 in legal costs from the Surfrider Foundation as compensation for the failed lawsuits against the Carlsbad Desalination Project. Poseidon Resources has donated the funds to the Agua Hedionda Lagoon Foundation to further the Foundation’s environmental stewardship and educational efforts.
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San Diego, CA – Poseidon Resources issued the following statement today regarding Tuesday’s Carlsbad City Council vote to approve an agreement with the San Diego County Water Authority on the Carlsbad Desalination Project:
“Poseidon Resources is grateful to the Carlsbad City Council for its decisive action to move the Carlsbad Desalination Project one step closer to full-scale construction. The City of Carlsbad and County Water Authority staff worked diligently for many months to come to an agreement that was beneficial to all parties. Their willingness to work together and put the needs of the region first demonstrates true leadership. “The Carlsbad project is the largest shovel-ready water infrastructure project in the state of California. It will create over 2,000 skilled jobs and generate over $350 million in economic activity during the 36-month construction phase. Once operations begin, the project will support 400 permanent jobs and contribute over $50 million annually to the regional economy. “We look forward to working with the County Water Authority to finalize a water purchase agreement so that we can start construction on this new locally-controlled, drought-proof water supply for San Diego County.” San Diego, CA – Poseidon Resources today announced that Carlos A. Riva has joined the company as Chief Executive Officer.
Riva has had a distinguished career as President or Chief Executive Officer of a number of major infrastructure companies, including J. Makowski Company, Intergen, Amec Group, Ltd, and most recently as CEO of Verenium Corporation, a San Diego-based pioneer in the fields of advanced biofuels and industrial enzymes. He holds engineering degrees from M.I.T. and Stanford University and an MBA from Harvard Business School. San Diego, CA – Poseidon Resources today announced that the California Superior Court has upheld the San Diego Regional Water Quality Control Board’s most recent approval of the Carlsbad Desalination Project (“Project”), bringing to an end the legal challenges filed against the Project.
Union-Tribune Editorial Board
Even with the first drop of desalinated water still to be produced, the scheduled Poseidon Corp. plant in Carlsbad is producing benefits for the region by meeting mitigation and carbon-footprint offset requirements. A mitigation milestone may come Wednesday when the California Coastal Commission meets in the Chula Vista City Council chambers. Commission staff, supported by a long list of regulatory and environmental groups, recommends approval of Poseidon’s preliminary plan to convert 66 acres of commercial salt ponds in south San Diego Bay into wildlife refuge. |
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