Morning Roundup

Photo credit: OPB

In today’s news, Portland officials take next step on fossil fuel ban, Mentor Graphics acquired and Anti-Trump protests continue in Portland.

Share this article!

1. Portland considers banning bulk fossil fuel storage

The city council held its first meeting on the issue last week. Supporters cite a need to manage climate change locally given the President-elect’s position as a global warming denialist. If Portland passes the ordinance — which would make fossil fuel terminals “limited use” — it would be the first ordinance of its kind in the U.S., OPB reports. Existing storage facilities could only grow capacity if they upgrade the tanks, and then capacity could only increase by 10%. The council will likely vote on the ordinance this week.

2. Mentor Graphics sold for $4.5 billion

Oregon has lost another public company. Siemens announced it is purchasing the Wilsonville-based electronic design automation company, the Portland Business Journal reports. The news isn’t a complete surprise, as Reuters reported in October the company had hired investment bankers to explore its options. Editor Linda Baker interviewed CEO Wally Rhines in October, before the sale was revealed.

3. Portland anti-Trump protests continue

Protestors have demonstrated each night since Donald Trump was elected. A small subset of the group has been causing damage throughout the city. The official group, Portland’s Resistance, took Saturday off after a protestor was shot Friday night. Several hundred people took to the streets anyway, and 71 were arrested, OPB reports. Mayor Charlie Hales said he wants to crack down on those using the protest as a vehicle for destruction. Portland’s Resistance intends to meet today to support those who were arrested in the peaceful protests.

4. Vacasa secures additional $5 million investment

The vacation rental service received $35 million in April to expand its services and staff. The additional financing comes from insurance company Assurant, to help Vacasa add insurance for interested clients, the Oregonian reports.

5. Forest Service hiring more than 1,000 in Northwest

The U.S. Forest Service positions are temporary, starting in the spring and lasting through summer, the Register Guard reports. Positions are open in fire, recreation, natural resources, timber, engineering, visitor services and archeology.

6. Hillsboro-based Planar acquires Corvallis motion-capture company

Planar Systems, once considered one of Oregon’s largest tech companies, sold to Chinese Leyard Optoelectronic last year as the company withered in a competitive marketplace. Leyard says its acquisition of NaturalPoint is part of the company’s commitment to North America, according to the Oregonian. Leyard acquired NaturalPoint for $125 million.

7. From the Magazine: Can Jim Akenson rebrand hunting?

The Oregon Hunters Association’s first conservation director aims to sell millennials and urban dwellers on an age-old practice.