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California regulators set to vote on desalination plant

By Daniel Trotta COSTA MESA, Calif. (Reuters) - California regulators on Thursday will vote on whether to approve a proposed $1.4 billion plant to convert seawater to drinking...

By Daniel Trotta

COSTA MESA, Calif. (Reuters) - California regulators on Thursday will vote on whether to approve a proposed $1.4 billion plant to convert seawater to drinking water, a project billed as a partial solution to a sustained drought that threatens the state's economic health.

In deciding the fate of the Huntington Beach desalination plant, the California Coastal Commission must weigh an expert recommendation to kill the project against pressure from Governor Gavin Newsom to approve it. The vote will follow a hearing at a Costa Mesa hotel conference room.

The plant, proposed by Poseidon Water, a company controlled by the infrastructure arm of Canada's Brookfield Asset Management, would convert enough Pacific Ocean water into drinking water for 400,000 people. But staff experts at the Coastal Commission said the process would harm marine life and nearby bird habitat while producing water that would be costly for low-income consumers.

The staff recommendation for denial also said the plant would be vulnerable to flooding from rising sea levels that are expected from human-influenced climate change.

Environmentalists have long campaigned against the plant, saying desalination decimates ocean life, costs too much money and energy, and soon would be made obsolete by water recycling.

Days after the staff recommendation was published last month, Newsom spoke in favor of the project, telling the editorial board of the Bay Area News Group that rejecting the project would be "a big mistake, a big setback." He said California has experienced severe drought in seven of the past 10 years.

The drought has threatened the vibrancy of California's $3 trillion economy, most directly affecting the $50 billion agriculture industry, but also acting as a drag on energy production and tourism.

Newsom, who is up for re-election this year with the drought on many Californians' minds, appoints four of the 12 voting members of the commission and can remove them at any time.

Poseidon has campaigned to get the project built in Huntington Beach, about 30 miles (50 km) south of Los Angeles, for more than 20 years, saying it has spent more than $100 million in the process.

Since 2015, Poseidon has operated a similar plant, the largest in the United States, down the coast in Carlsbad.

The Carlsbad project, which turns ocean water to drinking water in 90 minutes, was built on more elevated land and approved before statewide regulations governing desalination plants came into effect.

The company says rejecting the plant would sound "the death knell for desalination in California."

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24-05-2022 04:20:02 (UTC+7)

EUR/USD

1.0691

+0.0002 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/USD

1.0691

+0.0002 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.2586

-0.0003 (-0.02%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (2)

USD/JPY

127.89

+0.03 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

AUD/USD

0.7107

+0.0001 (+0.01%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

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USD/CAD

1.2769

+0.0005 (+0.04%)

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↑ Sell

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Sell (10)

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Buy (0)

Sell (8)

EUR/JPY

136.73

+0.04 (+0.03%)

Summary

↑ Buy

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Indicators:

Buy (5)

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EUR/CHF

1.0324

+0.0003 (+0.02%)

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↑ Sell

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Sell (7)

Gold Futures

1,852.10

+10.00 (+0.54%)

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Neutral

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Silver Futures

21.775

+0.101 (+0.47%)

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Copper Futures

4.3407

+0.0657 (+1.54%)

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Crude Oil WTI Futures

110.59

+0.31 (+0.28%)

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↑ Buy

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Brent Oil Futures

110.91

0.00 (0.00%)

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Neutral

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Natural Gas Futures

8.819

+0.641 (+7.84%)

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↑ Sell

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Sell (10)

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Buy (1)

Sell (7)

US Coffee C Futures

215.58

-0.27 (-0.13%)

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↑ Buy

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Sell (0)

Indicators:

Buy (7)

Sell (1)

Euro Stoxx 50

3,708.39

+51.36 (+1.40%)

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↑ Buy

Moving Avg:

Buy (12)

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Buy (6)

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S&P 500

3,973.75

+72.39 (+1.86%)

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↑ Buy

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Indicators:

Buy (9)

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DAX

14,175.40

+193.49 (+1.38%)

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FTSE 100

7,513.44

+123.46 (+1.67%)

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Buy (8)

Sell (1)

Hang Seng

20,470.06

-247.18 (-1.19%)

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Neutral

Moving Avg:

Buy (6)

Sell (6)

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Buy (3)

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US Small Cap 2000

1,788.91

+15.64 (+0.88%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

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Sell (1)

IBEX 35

8,625.80

+141.30 (+1.67%)

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↑ Buy

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BASF SE NA O.N.

49.735

+0.885 (+1.81%)

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↑ Buy

Moving Avg:

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Bayer AG NA

64.47

+0.73 (+1.15%)

Summary

↑ Buy

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Allianz SE VNA O.N.

199.38

+3.80 (+1.94%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Buy (9)

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Adidas AG

175.48

+2.68 (+1.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Buy (8)

Sell (0)

Deutsche Lufthansa AG

6.903

+0.051 (+0.74%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

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Siemens AG Class N

116.70

+1.62 (+1.41%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

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Deutsche Bank AG

10.018

+0.656 (+7.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

 EUR/USD1.0691↑ Buy
 GBP/USD1.2586Buy
 USD/JPY127.89↑ Sell
 AUD/USD0.7107Neutral
 USD/CAD1.2769↑ Sell
 EUR/JPY136.73↑ Buy
 EUR/CHF1.0324↑ Sell
 Gold1,852.10Neutral
 Silver21.775↑ Buy
 Copper4.3407↑ Buy
 Crude Oil WTI110.59↑ Buy
 Brent Oil110.91Neutral
 Natural Gas8.819↑ Sell
 US Coffee C215.58↑ Buy
 Euro Stoxx 503,708.39↑ Buy
 S&P 5003,973.75↑ Buy
 DAX14,175.40↑ Buy
 FTSE 1007,513.44↑ Buy
 Hang Seng20,470.06Neutral
 Small Cap 20001,788.91↑ Sell
 IBEX 358,625.80↑ Buy
 BASF49.735↑ Buy
 Bayer64.47↑ Buy
 Allianz199.38↑ Buy
 Adidas175.48↑ Buy
 Lufthansa6.903Neutral
 Siemens AG116.70↑ Buy
 Deutsche Bank AG10.018↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,890/ 6,990
(0/ 0) # 1,765
SJC HCM6,905/ 6,995
(0/ 0) # 1,769
SJC Hanoi6,905/ 6,997
(0/ 0) # 1,771
SJC Danang6,905/ 6,997
(0/ 0) # 1,771
SJC Nhatrang6,905/ 6,997
(0/ 0) # 1,771
SJC Cantho6,905/ 6,997
(0/ 0) # 1,771
Cập nhật 24-05-2022 04:20:04
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,853.70+7.880.43%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$110.58-0.05-0.05%
Brent$113.46-0.47-0.41%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 18:52:02 23/05/2022
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