August 22, 2012
B.C. media mogul proposes $13 billion oil refinery
Media mogul David Black is proposing a $13 billion oil refinery for Kitimat, B.C., to process oil from the controversial Northern Gateway pipeline.
Black acknowledges he doesn’t yet have investors and hasn’t had buy-in from Enbridge, First Nations or the provincial government. He plans to pay for the environmental assessment, but says he wants investors to come together to pay for the refinery. Black, who owns several weekly newspapers in B.C. and Alberta and daily newspapers in Hawaii and Ohio, says the idea addresses concerns around oil tankers traversing the B.C. coast because refined fuel such as gasoline is easier to clean up.
He acknowledges there are serious concerns about the safety of laying the massive Northern Gateway pipeline across B.C., and says if those concerns aren’t addressed, the pipeline - and a refinery - likely won’t be built.
The proposed pipeline is planned to ship bitumen – a thick, black substance similar to oily asphalt – from Alberta to the B.C. coast for shipment to Asia.
News from © Canadian Press Enterprises Inc., 2012
|MOST POPULAR STORIES|
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 443 projects with a total value of $1,866,277,015 that Reed Construction Data Building Reports reported on Tuesday.
$120,000,000 Langley, Dist Mun BC CANCELLED/ DEFERRED
$60,000,000 Vancouver BC Prebid
$50,000,000 Langley, Dist Mun BC Prebid
- Construction Site Arson
- Historic church renovation reaches new heights
- Hiring of foreign workers for hospital project outrages union
- Acetylene torch explosion causes significant damage
- Festival of Architecture hits Halifax
- Winnipeg Southwest Transitway wins award
- Vendor performance is key measurement
- NDP leader spoke to police about corruption
- Big contract down under for ATCO Structures
- RFQ issued for Kamloops hospital project
- VIDEO: Economic Update May 21, 2013
- Future tradespeople put to the test
- Ontario raiding season closes with a thud
- Bird flags challenges in Canadian construction
- Ontario commits to Hwy. 427 expansion
- GO Transit to build new maintenance facility in East Gwillimbury
- Ancient First Nations site damaged during work by BC Hydro
- Federal NDP leader speaks to police 'to help' with Quebec corruption probe
|ALEX’S ECONOMICS BLOG|
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- An Overview of Prices and Sales in the Diverging U.S. and Canadian Housing Markets (April 25, 2013)
- Canada’s Precarious Dependence on the Commodity Price Super-Cycle (April 22, 2013)
- Twenty major upcoming residential and transportation terminal construction projects - April 2013 (April 15, 2013)