News Item - Friday, July 24, 2009 | 1:43 PM- CBC News
Irving Oil Ltd. has announced that it will not proceed with the proposed second oil refinery project in Saint John, N.B. (CBC)Irving Oil Ltd. and BP have halted plans to build a second oil refinery just outside of Saint John, officials announced on Friday.
Kevin Scott, Irving Oil's commercial director of refining growth, announced the decision about the second refinery project at a Saint John news conference.
A study conducted by Irving Oil and the international oil giant over the past 18 months concluded that the project was not viable during the economic downturn and the softening demand for petroleum products.
See entire article: http://www.cbc.ca/canada/new-brunswick/story/2009/07/24/nb-irving-refinery-1012.html