Alberta rescues cost-hit refinery
Government provides additional C$300 million loan to Redwater after costs soar by C$2.8 billion, argues risk of revenue, jobs loss
For Petroleum News
Those puzzled by the reluctance of big energy companies to enter the refining/upgrading sector of Canada’s petroleum industry without a government safety net have got part of their answer from the stunning rise of costs for an Alberta government backed plant.
A joint venture by privately held North....
[additional news subjects in this story]
Also CO2 spinoff
Alberta expects higher return
Original cap waived
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