Press release from CNW Group
Parkland Fuel Corporation Managing Fuel Spill Near Victoria, British Columbia
Tuesday, April 19, 2011
Parkland Fuel Corporation Managing Fuel Spill Near Victoria, British Columbia15:31 EDT Tuesday, April 19, 2011RED DEER, AB, April 19 /CNW/ - Parkland Fuel Corporation ("Parkland" or the "Corporation") (TSX: PKI), Canada's largest independent fuel distributor and marketer, today announced that on April 16 a Columbia Fuels tanker truck carrying both diesel and gasoline was in an accident and spilled fuel near Goldstream Provincial Park on the Trans Canada / Malahat Highway.Parkland's Emergency Response Plan was activated immediately following the incident and, in addition to the initial response by local volunteer firefighters and police, environmental assessment and remediation experts were brought in to begin the clean-up and remediation process."While we consider this a serious incident, we are very thankful that no one was seriously injured," said Bob Espey, President and Chief Operating Officer of Parkland Fuel Corporation. "Much of the thanks for this rests with local emergency response crews who took essential precautions to ensure the accident scene was managed safely. Parkland has brought in a team of environmental assessment and remediation experts, and is working closely with provincial and federal authorities to ensure that the accident scene is properly managed. At this time we expect that the financial impact to Parkland will be immaterial."Currently it is estimated that approximately 40,000 litres of gasoline and 700 litres of diesel spilled onto the highway and that a portion of this entered the Goldstream Creek. It is believed that the diesel portion was contained at the incident site. The environmental impact is still being assessed. Gasoline, being a lighter hydrocarbon, tends to evaporate or break down in the environment more quickly than heavier hydrocarbons, which is expected to mitigate the long-term consequences of this spill to a certain extent. Part of the company's remediation plans will include working with local stakeholders and interest groups to repair any environmental impact.The immediate steps taken to protect the environment included: the application of absorbent material around the incident site to absorb residual fuel from the tank leak; the safe removal of the remaining fuel products from the two tanks of the truck involved in the incident; and the installment of absorbent booms across the river at various locations downstream to collect residual fuel. The last of the remaining fuel-saturated soil at the site is expected to be removed by the end of the day today. Water samples collected from the area showed no visible traces of hydrocarbons, no odour and the chemical analysis is still pending.Forward Looking InformationCertain information included herein is forward-looking. Forward-looking statements include, without limitation, statements regarding the future impact of this spill on the environment and the potential financial impact of this incident on the Corporation. Many of these statements can be identified by looking for words such as "believe", "expects", "expected", "will", "intends", "projects", "projected", "anticipates", "estimates", "continues", or similar words and include, but are not limited to, statements regarding the effects of the spilled fuel on the environment and the materiality of the incident with respect to Parkland's financial position. Parkland believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Such forward-looking statements necessarily involve known and unknown risks and uncertainties and other factors, which may cause the Corporation's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors include, but are not limited to: provincial and federal fines; legal action brought by stakeholders to the incident; coverage of the incident by insurance carriers; and other factors, many of which are beyond the control of Parkland. Any forward-looking statements are made as of the date hereof and the Corporation does not undertake any obligation, except as required under applicable law, to publicly update or revise such statements to reflect new information, subsequent or otherwise.About Parkland Fuel CorporationParkland Fuel Corporation ("Parkland") is Canada's largest independent marketer and distributer of fuels, managing a nationwide network of sales channels for retail, commercial, wholesale and home heating fuel customers. Parkland's mission is to be the most trusted source of convenience for fuel and related products focused on non-urban markets. Our family of brands includes: Bluewave Energy, Columbia Fuels, Great Northern Oil, Neufeld Petroleum & Propane, United Petroleum Products, Island Petroleum, Fas Gas Plus and Race Trac Gas. We are Canada's local fuel company, delivering competitive fuel products and serving Canadian communities through local operators who care. For more information please visit www.parkland.ca.Parkland common shares and convertible debentures trade on the Toronto Stock Exchange (TSX) under the symbols PKI, PKI.DB and PKI.DB.A. For further information: For media inquiries please contact Andrea Voysey at 250-896-5773 or email@example.com. For investor inquiries please contact Tom McMillan, Investor Relations Manager at 403-356-6722, 1-800-662-7177 ext 6722 or firstname.lastname@example.org.