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Poseidon Resources has lost their resources.

June 22 2010 | Know Your H20,
by Belinda Smith

Photo courtesy of OC Voice

From the latest in the financing debacle at Poseidon Resources:

“Poseidon has been claiming for years that they will be responsible for financing the desalination proposals in Carlsbad and Huntington Beach,” says Joe Geever, Policy Coordinator for the Surfrider Foundation. “This latest debacle in San Diego County just exposes what many have known all along — these proposals are almost completely reliant on public money.”

Poseidon did not respond to the Voice’s request for comment before press time.

Geever says that public water agencies should turn to other, proven, methods of water management.

“If we are going to spend public money on water projects, we should prioritize projects that are economically and environmentally superior — like expanding our local Groundwater Replenishment System and investing in conservation programs.”

Read the whole story.
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