A self-described quiet environmentalist, not-quite-a-billionaire but
“wealthy enough” businessman in British Columbia is proposing to do
something that hasn’t been done in thirty years in Canada: build a
refinery.
The proposal — which is little more than a plan on paper at this point — will put a wrinkle in the controversial Enbridge Northern Gateway pipeline plan that is buckling under mounting opposition in B.C.
David Black is no oil man but is known mostly for his 150 newspapers in Canada and the U.S. And he’s not related to Conrad Black, even though that’s often the question he’s asked.
“I’ll rather not,” Black said when asked why he was planning on entering into the refinery business at a time when licences are rarely granted and refineries throughout the U.S. east coast are closing.
“This is obviously not my field but I really worry about the next generation. There are lot of kids without jobs, lots can’t buy a house ever in Vancouver.”
Black, 66, won’t reveal his net worth but calculates it would cost a couple of million for the environmental assessment process, money he will front himself. He hopes to find investors for his project, which he says will be a safer environmental option than shipping heavy crude overseas.
Read more: http://www.thestar.com/news/canada/article/1243559--b-c-businessman-david-black-wants-to-build-13b-oil-refinery
The proposal — which is little more than a plan on paper at this point — will put a wrinkle in the controversial Enbridge Northern Gateway pipeline plan that is buckling under mounting opposition in B.C.
David Black is no oil man but is known mostly for his 150 newspapers in Canada and the U.S. And he’s not related to Conrad Black, even though that’s often the question he’s asked.
“I’ll rather not,” Black said when asked why he was planning on entering into the refinery business at a time when licences are rarely granted and refineries throughout the U.S. east coast are closing.
“This is obviously not my field but I really worry about the next generation. There are lot of kids without jobs, lots can’t buy a house ever in Vancouver.”
Black, 66, won’t reveal his net worth but calculates it would cost a couple of million for the environmental assessment process, money he will front himself. He hopes to find investors for his project, which he says will be a safer environmental option than shipping heavy crude overseas.
Read more: http://www.thestar.com/news/canada/article/1243559--b-c-businessman-david-black-wants-to-build-13b-oil-refinery
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