Newspaper Publisher Plans C$13 Billion Kitimat Oil Refinery

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By: Jeremy van Loon | Bloomberg News

Canadian newspaper publisher David Black wants to build a C$13 billion ($13.2 billion) refinery in Kitimat, British Columbia, the terminus of Enbridge Inc. (ENB)’s proposed Northern Gateway pipeline.

Kitimat Clean Ltd., owned by Black, is submitting an environmental assessment of a plan to construct a 550,000 barrel-per-day refinery to process bitumen from Alberta’s oil sands, Black said in a statement on the company’s website.

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