Stockwell Day joins bitumen refinery proposal

By: The Canadian Press

 | Aug 21, 2014 - 12:47 PM |
CALGARY - Stockwell Day has joined the leadership team of a Vancouver company that's planning to build a $10-billion bitumen refinery on the West Coast.

The former federal and provincial cabinet minister has been hired as senior adviser and director by Pacific Future Energy Corp., which says its refinery will be the world's greenest.

In a release, Day says his experience representing British Columbia federally and serving in Alberta's cabinet gives him a "unique vantage point" about what's needed to make the project happen.

One of the biggest concerns of pipeline proposals like Enbridge Inc's (TSX:ENB) Northern Gateway and Kinder Morgan's Trans Mountain expansion is the prospect of huge bitumen-laden tankers navigating coastal waters.

The Pacific Future proposal — along with others being floated by B.C. newspaper magnate David Black and by aboriginal businessman Calvin Helin — would mean refined products, rather than heavy oil, would be shipped on tankers to Asia, making a potential spill much less environmentally damaging.

Pacific Future, whose team also includes venture capitalists and former government advisers, aims to pick a site for the refinery by the end of this year and enter the regulatory process next year.

(The Canadian Press)

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