I'd like to hear more about this project.
May 15, 2013
Statement issued by Michael Finch, Vice President of Health Safety & Environment, E&B Natural Resources - "We take full responsbility." As part of the environmental site investigation of the City maintenance yard, an E&B Natural Resources contractor conducted additional borings to sample the groundwater.
Q. I have heard that E&B only has $1 million of liability insurance. Is this true? A. No, it is not true that E&B is only insured for $1 million. E&B and its affiliated entities, including Hermosa Acquisition, LLC, procure and carry collectively a significant amount of liability and property coverage of various types and amounts of insurance, well in excess of the minimum requirements of the lease agreement.
Q. What is the overall economic benefit to the Hermosa Beach community? A. According to the recently released economic impact report conducted by the Berkeley Research Group, the project will yield more than $500 million to the Hermosa Beach community. Click Here for BRG Economic Impact Report
E&B has a Community Room at 205 Pier Avenue that is available for residents to use for local gatherings. Please call us to reserve this space: (424) 903-7222.
What is a way to safely dispose of millions of gallons of liquid waste per year? The answer to these questions and more can be summed up in two words: underground injection. See more on the safety and regulation of injection wells in California. “The Key to Protecting Drinking Water” by the Ground Water Protection Council.
E&B has submitted a 4 volume, 1000+ page application to the City for review. Full contents can be found here
What about truck traffic? Construction truck traffic is limited to a max of 18 trips per day between 9:00am to 3:00pm on weekdays only. 18 trucks trips per day will only be utilized during very brief periods during the construction and drilling period. Upon completion of construction and drilling, normal operations will result in less vehicle traffic than the current use.
No controversial shale "hydraulic fracking" is necessary for the Hermosa project. The oil reserves to be recovered are part of the previously developed and well-characterized Torrance Oil Field. The field is comprised of inter- bedded thin sands and naturally fractured shales that already provide reservoir characteristics for oil production.
