Poseidon Resources Inc., a multinational water entrepreneur, wants to build desalination plants in the cities of Huntington Beach and Carlsbad in California. Desalination is the most energy intensive and costly source of drinking water and Poseidon always said that their projects would be funded completely with private sector dollars. Local elected officials bought into that, but it was obvious from the start that these two projects would need public funding to exist. In fact, if these projects go through, they will each receive a minimum of $350 in government subsidies, and possibly much more. Here is the story.
Editor’s note: Unfortunately, due to a technical problem, the aspect ratio of the video is incorrect and images appear taller than they should. The Surf City Voice apologizes for the inconvenience. Efforts are underway to correct the problem.