Quote:
Media mogul David Black is proposing a $13-billion oil refinery for Kitimat, British Columbia, 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.
Black, owner of Black Press Ltd, said on Friday that the plant would process up to 550,000 barrels a day of crude at a site near Kitimat, the terminus of the proposed Northern Gateway line.
He plans to pay for the environmental assessment, but says he wants investors to come together to pay for the refinery.
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http://business.financialpost.com/20...n-gateway-oil/
$13 billion is a lot of money to put together. Obviously we would all want more of the process to stay in Canada, but is this really doable?
Would be one hell of a boost to the BC economy.