Zenith Energy - Revision history

TH at 21:00, 18 September 2023

2023-09-18T21:00:04Z

← Older revision		Revision as of 21:00, 18 September 2023
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	* 2017: [[Arc Logistics Partners]] and its portfolio of 21 terminals across 12 US states		* 2017: [[Arc Logistics Partners]] and its portfolio of 21 terminals across 12 US states

			= Protest Movement =

			Most recent protests during a school strike for climate in Portland, Oregon, Cascadia on Friday, September 15, 2023: https://twitter.com/nickcunningham1/status/1702757411004751909

			Goes back 5+ years, with support from many organizations, leaders, demonstrations and actions (''documentation in progress - please add more here!'')

	= Zenith Capital =		= Zenith Capital =

TH: /* Portland */

2023-08-21T19:08:15Z

Portland

← Older revision		Revision as of 19:08, 21 August 2023
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	In 2017, Zenith Energy purchased the [[Portland Terminal]], where 90% of the State of Oregon's petroleum is stored & distributed from.<ref>https://zenithterminals.com/terminals/portland-terminal</ref>		In 2017, Zenith Energy purchased the [[Portland Terminal]], where 90% of the State of Oregon's petroleum is stored & distributed from.<ref>https://zenithterminals.com/terminals/portland-terminal</ref>

	Zenith Energy claims to be leading Portland’s renewable fuel transition<ref>https://media.graphassets.com/ROKP6GVXTruZiDrjypA1 one-pager</ref>. Yet following its purchase of the Portland Terminal in 2017, the company ~~greatly~~ expanded fossil fuel ~~operations~~, ~~shipping in~~ oil by rail from the tar sands of Canada and the Bakken shale fields of North Dakota, ~~and then loading it~~ onto ships in the Willamette River for export~~. As a result of Zenith's expansion oil shipments through Portland have surged, rising from 14 million gallons in 2018 to 234 million gallons in 2020~~.		Zenith Energy claims to be leading Portland’s renewable fuel transition<ref>https://media.graphassets.com/ROKP6GVXTruZiDrjypA1 one-pager</ref>. Yet following its purchase of the Portland Terminal in 2017, the company expanded fossil fuel shipments by an order of magnitude (from 14 million gallons in 2018 to 234 million gallons in 2020), with massive increases of oil imports by rail from the tar sands of Canada and the Bakken shale fields of North Dakota, ultimately loaded onto ships in the Willamette River for export.

	As a consequence of Zenith's expansion, mile-long 100-car trains filled with volatile crude oil now barrel through urban neighborhoods in Portland multiple times a week. The risk of train derailments is not shared equally, with low-income communities and communities of color making up a larger portion of residents near rail lines than in Multnomah county as a whole.		As a consequence of Zenith's expansion, mile-long 100-car trains filled with volatile crude oil now barrel through urban neighborhoods in Portland multiple times a week. The risk of train derailments is not shared equally, with low-income communities and communities of color making up a larger portion of residents near rail lines than in Multnomah county as a whole.

TH: /* Greenwashing */

2023-08-17T22:54:17Z

Greenwashing

← Older revision		Revision as of 22:54, 17 August 2023
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	<blockquote>"Our commitment to innovation combined with our focus on prioritizing the health and safety of our people and the environment has elevated Zenith’s position as an industry leader. Integrity is at the heart of everything we do as a company." - Jeff Armstrong, CEO<ref>https://www.zenithterminals.com/about/ceo-message</ref></blockquote>		<blockquote>"Our commitment to innovation combined with our focus on prioritizing the health and safety of our people and the environment has elevated Zenith’s position as an industry leader. Integrity is at the heart of everything we do as a company." - Jeff Armstrong, CEO<ref>https://www.zenithterminals.com/about/ceo-message</ref></blockquote>

	[[Zenith Energy]] received the International Liquid Terminals Association (ILTA) safety award three years in a row<ref>https://media.graphassets.com/CEi3iMxQjSEaurrpv6Yg</ref>.		[[Zenith Energy]] received the International Liquid Terminals Association ([[ILTA]]) safety award three years in a row<ref>https://media.graphassets.com/CEi3iMxQjSEaurrpv6Yg</ref>.

	= US Terminals =		= US Terminals =

TH: /* Portland */

2023-08-16T23:30:49Z

Portland

← Older revision		Revision as of 23:30, 16 August 2023
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	The study concluded that hundreds of World War II era tanks (pre-seismic safety) containing 100s of millions of gallons of gasoline and jet fuel would rupture, collapse, or explode, leaking 50-100% percent of their fuel. The disaster would put thousands of lives at risk and result in unimaginable damage to the river and wildlife, with oil releases spreading downstream all the way to the Mouth of the Wimahl River.		The study concluded that hundreds of World War II era tanks (pre-seismic safety) containing 100s of millions of gallons of gasoline and jet fuel would rupture, collapse, or explode, leaking 50-100% percent of their fuel. The disaster would put thousands of lives at risk and result in unimaginable damage to the river and wildlife, with oil releases spreading downstream all the way to the Mouth of the Wimahl River.

	The estimated 1-200 million gallons of fuel that would spill "is equivalent to the size of the spill at the BP Deepwater Horizon oil spill disaster in the Gulf of Mexico that was the country's largest oil spill to date," yet would be significantly harder to clean-up amidst the massive earthquake relief effort.<ref>https://www.multco.us/sustainability/cei-hub-seismic-risk-analysis</ref>		Multnomah County reported that:
			<blockquote>"The wildlife and habitat impacts would be devastating, as well. Estuaries, wetlands, and wildlife refuges all reside downstream of the impact site. The industrial Hub is adjacent to Sauvie Island and Forest Park, one of the country’s largest urban forest reserves. Species of the area including endangered birds, fish and reptiles are likely to face direct mortality, long-term health issues, and damage to their food supply."<ref>https://www.multco.us/multnomah-county/news/new-report-sheds-light-cascadia-earthquake-risks-public-input-sought-aug-15%C2%A0</ref></blockquote>

			The estimated 1-200 million gallons of fuel that would spill "is equivalent to the size of the spill at the BP Deepwater Horizon oil spill disaster in the Gulf of Mexico that was the country's largest oil spill to date," yet would be significantly harder to clean-up amidst the massive earthquake relief effort.<ref>https://www.multco.us/sustainability/cei-hub-seismic-risk-analysis</ref><ref>https://www.multco.us/multnomah-county/news/%E2%80%9C-deepwater-horizon-disaster-minutes%E2%80%9D-new-report-tallies-billions-damages-fuel</ref>

	See also: the one pager on Zenith’s alleged "preparedness for a seismic event" (the upcoming [[Cascadian Megaquake Resilience\|Cascadian Megaquake]]).<ref>https://media.graphassets.com/CEi3iMxQjSEaurrpv6Yg</ref>		See also: the one pager on Zenith’s alleged "preparedness for a seismic event" (the upcoming [[Cascadian Megaquake Resilience\|Cascadian Megaquake]]).<ref>https://media.graphassets.com/CEi3iMxQjSEaurrpv6Yg</ref>

TH: /* Portland */

2023-08-16T23:24:44Z

Portland

← Older revision		Revision as of 23:24, 16 August 2023
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	In 2021, the Portland Bureau of Emergency Management warned that with the next [[Cascadian Megaquake Resilience\|next Cascadian Megaquake]], Zenith Energy's "Critical Energy Infrastructure Hub and all the tank farms there pose a really grave threat to the city, the county, the region, the whole state, and environment in an earthquake," which “we've known for a long time."<ref>https://www.portlandmercury.com/news/2021/07/26/35406357/industrial-hub-in-northwest-portland-will-cause-catastrophic-oil-spill-during-earthquake-report-finds</ref>		In 2021, the Portland Bureau of Emergency Management warned that with the next [[Cascadian Megaquake Resilience\|next Cascadian Megaquake]], Zenith Energy's "Critical Energy Infrastructure Hub and all the tank farms there pose a really grave threat to the city, the county, the region, the whole state, and environment in an earthquake," which “we've known for a long time."<ref>https://www.portlandmercury.com/news/2021/07/26/35406357/industrial-hub-in-northwest-portland-will-cause-catastrophic-oil-spill-during-earthquake-report-finds</ref>

			In Feb 2022, Multnomah County released its [https://multco-web7-psh-files-usw2.s3-us-west-2.amazonaws.com/s3fs-public/Impacts%20of%20Fuel%20Releases%20from%20the%20CEI%20Hub%20Report.pdf full report] on the projected impacts of fuel releases from the Portland Terminal during the Cascadian Megaquake.<ref>https://multco-web7-psh-files-usw2.s3-us-west-2.amazonaws.com/s3fs-public/Impacts%20of%20Fuel%20Releases%20from%20the%20CEI%20Hub%20Report.pdf</ref>

			The study concluded that hundreds of World War II era tanks (pre-seismic safety) containing 100s of millions of gallons of gasoline and jet fuel would rupture, collapse, or explode, leaking 50-100% percent of their fuel. The disaster would put thousands of lives at risk and result in unimaginable damage to the river and wildlife, with oil releases spreading downstream all the way to the Mouth of the Wimahl River.

			The estimated 1-200 million gallons of fuel that would spill "is equivalent to the size of the spill at the BP Deepwater Horizon oil spill disaster in the Gulf of Mexico that was the country's largest oil spill to date," yet would be significantly harder to clean-up amidst the massive earthquake relief effort.<ref>https://www.multco.us/sustainability/cei-hub-seismic-risk-analysis</ref>

	See also: the one pager on Zenith’s alleged "preparedness for a seismic event" (the upcoming [[Cascadian Megaquake Resilience\|Cascadian Megaquake]]).<ref>https://media.graphassets.com/CEi3iMxQjSEaurrpv6Yg</ref>		See also: the one pager on Zenith’s alleged "preparedness for a seismic event" (the upcoming [[Cascadian Megaquake Resilience\|Cascadian Megaquake]]).<ref>https://media.graphassets.com/CEi3iMxQjSEaurrpv6Yg</ref>

TH: /* Greenwashing */

2023-08-16T23:14:02Z

Greenwashing

← Older revision		Revision as of 23:14, 16 August 2023
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	<blockquote>"Our commitment to innovation combined with our focus on prioritizing the health and safety of our people and the environment has elevated Zenith’s position as an industry leader. Integrity is at the heart of everything we do as a company." - Jeff Armstrong, CEO<ref>https://www.zenithterminals.com/about/ceo-message</ref></blockquote>		<blockquote>"Our commitment to innovation combined with our focus on prioritizing the health and safety of our people and the environment has elevated Zenith’s position as an industry leader. Integrity is at the heart of everything we do as a company." - Jeff Armstrong, CEO<ref>https://www.zenithterminals.com/about/ceo-message</ref></blockquote>

			[[Zenith Energy]] received the International Liquid Terminals Association (ILTA) safety award three years in a row<ref>https://media.graphassets.com/CEi3iMxQjSEaurrpv6Yg</ref>.

	= US Terminals =		= US Terminals =

TH: /* Portland */

2023-08-16T22:52:41Z

Portland

← Older revision		Revision as of 22:52, 16 August 2023
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	== Portland ==		== Portland ==

	~~Operator of~~ the [[Portland Terminal]], where 90% of the State of Oregon's petroleum is stored & distributed from.<ref>https://zenithterminals.com/terminals/portland-terminal</ref>		In 2017, Zenith Energy purchased the [[Portland Terminal]], where 90% of the State of Oregon's petroleum is stored & distributed from.<ref>https://zenithterminals.com/terminals/portland-terminal</ref>

	Zenith Energy claims to be leading Portland’s renewable fuel transition~~, in a one-pager quoting the [[City of Portland Climate Emergency Workplan]] (2022-2025).~~<ref>https://media.graphassets.com/ROKP6GVXTruZiDrjypA1 one-pager</ref>		Zenith Energy claims to be leading Portland’s renewable fuel transition<ref>https://media.graphassets.com/ROKP6GVXTruZiDrjypA1 one-pager</ref>. Yet following its purchase of the Portland Terminal in 2017, the company greatly expanded fossil fuel operations, shipping in oil by rail from the tar sands of Canada and the Bakken shale fields of North Dakota, and then loading it onto ships in the Willamette River for export. As a result of Zenith's expansion oil shipments through Portland have surged, rising from 14 million gallons in 2018 to 234 million gallons in 2020.

	~~One pager on "Zenith’s preparedness for~~ a ~~seismic event" (the upcoming Cascadian Megaquake)~~.~~<ref>https://media.graphassets~~.~~com/CEi3iMxQjSEaurrpv6Yg</ref>~~		As a consequence of Zenith's expansion, mile-long 100-car trains filled with volatile crude oil now barrel through urban neighborhoods in Portland multiple times a week. The risk of train derailments is not shared equally, with low-income communities and communities of color making up a larger portion of residents near rail lines than in Multnomah county as a whole.

	~~3-time winner of~~ the ~~fossil fuel~~ [[~~ILTA~~]] ~~lobby's safety award over~~ the ~~last decade~~, ~~despite~~ the Portland Bureau of Emergency Management ~~2021 warning~~ that with the next [[Cascadian Megaquake Resilience\|next Cascadian Megaquake]], Zenith Energy's "Critical Energy Infrastructure Hub and all the tank farms there pose a really grave threat to the city, the county, the region, the whole state, and environment in an earthquake," which “we've known for a long time."<ref>https://www.portlandmercury.com/news/2021/07/26/35406357/industrial-hub-in-northwest-portland-will-cause-catastrophic-oil-spill-during-earthquake-report-finds</ref>		Along the [[Wimahl river]] (in the Columbia River Gorge), the trains also interfere with Indigenous tribal nations and their treaty rights to fish, threatening a disaster-in-waiting for the river and its salmon.<ref>https://www.sierraclub.org/sierra/can-portland-oregon-stand-oil-industry</ref>

			In 2021, the Portland Bureau of Emergency Management warned that with the next [[Cascadian Megaquake Resilience\|next Cascadian Megaquake]], Zenith Energy's "Critical Energy Infrastructure Hub and all the tank farms there pose a really grave threat to the city, the county, the region, the whole state, and environment in an earthquake," which “we've known for a long time."<ref>https://www.portlandmercury.com/news/2021/07/26/35406357/industrial-hub-in-northwest-portland-will-cause-catastrophic-oil-spill-during-earthquake-report-finds</ref>

			See also: the one pager on Zenith’s alleged "preparedness for a seismic event" (the upcoming [[Cascadian Megaquake Resilience\|Cascadian Megaquake]]).<ref>https://media.graphassets.com/CEi3iMxQjSEaurrpv6Yg</ref>

	= EU Terminals =		= EU Terminals =

	= Sources =		= Sources =

TH at 22:13, 16 August 2023

2023-08-16T22:13:43Z

← Older revision		Revision as of 22:13, 16 August 2023
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	Zenith Energy was founded in 2014 as a partnership between current CEO [[Jeff Armstrong]] (former VP of [[Kinder Morgan]]) and private equity firm [[Warburg Pincus]].		Zenith Energy was founded in 2014 as a partnership between current CEO [[Jeff Armstrong]] (former VP of [[Kinder Morgan]]<ref>https://www.prnewswire.com/news-releases/zenith-energy-announces-investment-of-up-to-600-million-led-by-warburg-pincus-269823181.html</ref>) and private equity firm [[Warburg Pincus]].

	Following a $600 million line-of-equity in investment by Warburg Pincus in August 2014		Following a $600 million line-of-equity in investment by Warburg Pincus in August 2014
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	* 2015: [[Phillips 66]]’s liquids storage terminal in Bantry Bay, Ireland		* 2015: [[Phillips 66]]’s liquids storage terminal in Bantry Bay, Ireland
	* 2016: [[British Petroleum]]’s Amsterdam, Netherlands facility		* 2016: [[British Petroleum]]’s Amsterdam, Netherlands facility

			And, following an additional equity injection of $625 million from Warburg Pincus and Kelso & Co<ref>https://www.thedeal.com/private-equity/exit-ramp-zenith-may-be-next-to-block-in-warburg-oil-pruning/</ref>:

	* 2017: [[Arc Logistics Partners]] and its portfolio of 21 terminals across 12 US states		* 2017: [[Arc Logistics Partners]] and its portfolio of 21 terminals across 12 US states

			= Zenith Capital =

			See also [https://zenithcapital.partners/ Zenith Capital]

	= Greenwashing =		= Greenwashing =

TH at 19:54, 16 August 2023

2023-08-16T19:54:51Z

← Older revision		Revision as of 19:54, 16 August 2023
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	Zenith Energy was founded in 2014 as a partnership between current CEO [[Jeff Armstrong]] (former VP of [[Kinder Morgan]]) and private equity firm [[Warburg Pincus]]~~<ref>https://www~~.~~zenithterminals.com/about/ceo-message</ref>~~		Zenith Energy was founded in 2014 as a partnership between current CEO [[Jeff Armstrong]] (former VP of [[Kinder Morgan]]) and private equity firm [[Warburg Pincus]].

	Following a $600 million line-of-equity in investment by Warburg Pincus in August 2014		Following a $600 million line-of-equity in investment by Warburg Pincus in August 2014

TH at 19:54, 16 August 2023

2023-08-16T19:54:40Z

← Older revision		Revision as of 19:54, 16 August 2023
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	* 2016: [[British Petroleum]]’s Amsterdam, Netherlands facility		* 2016: [[British Petroleum]]’s Amsterdam, Netherlands facility
	* 2017: [[Arc Logistics Partners]] and its portfolio of 21 terminals across 12 US states		* 2017: [[Arc Logistics Partners]] and its portfolio of 21 terminals across 12 US states

			= Greenwashing =

			<blockquote>"Our commitment to innovation combined with our focus on prioritizing the health and safety of our people and the environment has elevated Zenith’s position as an industry leader. Integrity is at the heart of everything we do as a company." - Jeff Armstrong, CEO<ref>https://www.zenithterminals.com/about/ceo-message</ref></blockquote>

	= US Terminals =		= US Terminals =