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Newspaper publisher David Black is pictured after announcing plans to potentially build a $13 billion dollar oil refinery in Kitimat, B.C in Vancouver, British Columbia August 17, 2012.
Newspaper publisher David Black is pictured after announcing plans to potentially build a $13 billion dollar oil refinery in Kitimat, B.C in Vancouver, British Columbia August 17, 2012.
(Ben Nelms/Reuters)

David Black seeks federal financing aid for oil refinery

Newspaper publisher turned wannabe oilman David Black says he’s looking for $8-billion in loan guarantees from Ottawa to help cover the costs of his planned $26-billion oil refinery project. Mr. Black argues the undertaking is crucial to the country’s economy, and could even help build the energy partnership between Alberta and British Columbia.