Big oil needs to invest in refinery, Black says 0
Kitimat harbour could be an ideal place to refine and export refined oil from Canada if major oil companies get behind the proposal says its main proponent David Black. (QMI FILE PHOTO)
Major oil companies aren’t lining up to help realize a refinery in northern British Columbia says the man behind the ambitious project.
For the past year, newspaper mogul David Black has been organizing a proposed oil refinery for Kitimat on the province’s northwest coast and has raised about $25 billion for the project to date.
Black told 24 hours he’s commissioned a study to examine a technology approach for the refinery that reduces C02 emissions by half. However, he has yet to see the support he’d like from oil companies who’d rather export raw product.
“I’m doing it because I don’t want to see bitumen in tankers and I’m a business guy and I enjoy the challenge,” he said. “I’ve always been trying to encourage the big oil companies to step up.”
The Black Press owner said companies have said they’ll support the project and ship them oil, but don’t want to put up funds for the refinery.
Another kink in the plan has been the opposition to the Northern Gateway pipeline over safety and environmental concerns.
Black said even if that proposal is rejected he’s working with First Nations groups on another pipeline proposal for northern B.C.
“I believe a modern day pipeline can be made safely.”