This would be fantastic for BC and central BC....
Premier supports bold proposal to build world-class refinery in BC
Premier Christy Clark
March 7, 2013
B.C. businessman David Black made a major announcement with respect to his company Kitimat Clean, and his proposal to build and operate a world-class petroleum refinery in Kitimat.
Now, Mr. Black needs little introduction. He is one of the most successful British Columbia entrepreneurs. He built a newspaper empire at a time when newspapers around the world were going under.
Throughout his business life, he has found success where others have found failure.
He is not to be underestimated.
Yesterday, Mr. Black announced that he had found investors willing to back his bid to invest $25 billion in his project. He proposes to build a $16 billion refinery, $8 billion in pipelines and a further $1 billion in new tankers to carry the refined petroleum products to customers in Asia.
This is a credible proposal from a credible B.C. businessman.
And without question, this would be the largest single private sector investment in the history of our great province. And it would be, potentially, a tremendous game-changer for our children and their children.
6,000 new jobs during construction. 3,000 full time jobs created once the refinery is in operation.
And, importantly, Mr. Black's proposal would keep ownership of this proposal, this project, right here at home in British Columbia.
I have long said that British Columbians believe in the benefit of environmentally sound economic development, and are fully supportive of getting higher value for B.C. and Canadian goods in markets outside of North America.
Last July, our government stood up and put five conditions in place by which we would gauge support for any heavy oil pipelines in British Columbia.
Our five conditions are the way to ensure the highest standards for environmental protection and First Nation involvement possible should any heavy oil pipeline go through British Columbia.
Mr. Black has proposed a new pipeline across northern B.C. and I want to be clear: the 5 strict conditions that we have very clearly set out would apply to his proposal as they would to any other.
But the difference between the first pipeline proposal and Mr. Black's is that the refinery in Kitimat could form part of the economic benefits needed to satisfy our fifth condition. Although I do need to clear – although it could form a part of that, it will not go all the way. Thousands of jobs could create a significant economic benefit that does not exist under any current proposal.
As well, Mr. Black has said that he plans to use greenhouse gas reducing technology that would cut GHG emissions from his refinery in half.
And finally, Mr. Black's proposal radically reduces the environmental risks associated with the shipping of oil off our coast to Asia.
Because refined products are transported in much smaller ships, refined products are much easier to remediate in case of an incident, and these products are already very regularly moving up and down B.C.’s coast.
I’d like to tell this House that our government has been working constructively with Mr. Black in his quest to identify a suitable location on which to build a potential refinery.
Our government wants to use every tool at our disposal to move the proposal forward where it can be judged on its merits by a robust, rigorous and, most importantly, independent environmental process free from political influence.
Like our potential with Liquefied Natural Gas, these opportunities do not come around every day.