News Releases

Dave Coles Joins Advisory Board of Pacific Future Energy

OneYellowADMIN

VANCOUVER, May 11, 2015 /CNW/ – The Hon. Stockwell Day, PC, Chair of the Advisory Board, and Senior Advisor to the management team at Pacific Future Energy Corporation (PFEC), announced today that Mr. Dave Coles, President Emeritus and founding member of Unifor, Canada’s newest and largest private sector union, has joined PFEC’s advisory board

“Dave’s extensive experience in the labour movement – especially within the Alberta energy industry – will be an invaluable asset to PFEC as we move forward with our refinery project,” Mr. Day said.

PFEC is a project development company that was founded in 2014 to open access for Alberta oil to Asian markets by building the world’s greenest refinery on the British Columbia coast in partnership with the province’s First Nations.

“I believe that the way to open up those Asian markets is by upgrading and refining Canadian bitumen in British Columbia,” Mr. Coles said.

“The approach PFEC is taking is the right one: by working with First Nations and labour as partners rather than adversaries, PFEC has a much better chance of creating the longterm jobs and prosperity Canadians – including Unifor members – want from their resources,” Coles added.

About Pacific Future Energy

Vancouver-based Pacific Future Energy is a company that has been developed to finance, design and construct the world’s greenest oil refinery in British Columbia, Canada. The management team consists of leaders from the venture capital, corporate and government sectors, who share the belief that while it’s in Canada’s national strategic interest to diversify its markets for oil, it should be done in a socially and environmentally responsible manner while ensuring the protection of Canada’s west coast.

DAVE COLES – BIO

Dave Coles is President Emeritus and a founding member of Unifor, Canada’s newest and largest private sector trade union.

Mr. Coles was previously the longest serving President of the Canadian Communications, Energy and Paperworkers union (CEP), which represented 30,000 energy workers who worked in the bitumen sands and many refineries inAlberta.

Mr. Coles has fought for many environmental causes, and led campaigns for Canada’s natural resources to be processed in Canada.  He has also spoken internationally on energy, environmental, and labour issues.

SOURCE: Pacific Future Energy Corporation

Image with caption: “Pacific Future Energy. Building our Future, Protecting our coast (CNW Group/Pacific Future Energy Corporation)”. Image available at:http://photos.newswire.ca/images/download/20150511_C5092_PHOTO_EN_16508.jpg

For further information: please contact: Szamantha Lim 604-559-3611

Day: B.C. refinery would add value to Alberta oil

OneYellowADMIN

By Stockwell Day

What a difference a month makes.

In early April, media reported my comment, “watch out for Rachel Notley, head of the New Democrats. She’s a smart woman and knows what she’s doing.”

Having said that, I admit I did not anticipate she would do as well as she did. As Albertans now read the various reports of how much they have apparently lost overnight in monetary value, there is room for optimism nevertheless.

Most people agree that maximizing value for Alberta’s oil by gaining market access to the growing Asian markets is something worth pursuing. And doing so shouldn’t require taxpayer subsidies from cash-strapped governments.

This is not an easy challenge. Right now, Canada’s oil industry is entirely dependent on one customer:  the United States, where there is declining demand for our product due to increased self-sufficiency in their own market.

Alberta’s economy will continue to be at risk of losing billions of dollars every year simply because one of our most important strategic assets is increasingly stranded. Producers need another export option. The fast-growing economies in Asia are the obvious answer.

But to get there, they must go through B.C., with North America’s closest ports to Asia. So far, navigating through B.C. has been tough for industry. To get through B.C., we must recognize British Columbia — and especially First Nations in B.C. — as true partners, by demonstrating respect for them and their views about the economy and the environment.

First, we need to recognize B.C. First Nations as landowners and governments. We must recognize the true value of First Nations lands, their traditions, and their people. We must work with First Nations every step of the way — from concept to implementation — to build any resource projects on their territory.

Second, we must acknowledge British Columbia’s deep connection to the coast. British Columbians have one of the most pristine ocean coastlines in the world, and they will fiercely fight to protect it.

My father’s years as a commercial salmon fisherman in B.C. vividly underscored this for me. We saw this spirit in Vancouver, when 4,000 people immediately volunteered to help clean up after the recent spill of 14 barrels of bunker fuel in the Burrard Inlet.

Third, we must recognize that British Columbians expect real, tangible economic benefits in return for the environmental risk associated with moving oil products through their province.

Refining our bitumen before it leaves Canada’s shores addresses all three of these issues. That’s why we created Pacific Future Energy (PFEC), a company launched a year ago to address Alberta’s export challenge by building the world’s greenest refinery on Canada’s West Coast.

Building this refinery will take export tankers laden with heavy oil (diluted bitumen) off of the water, replacing them with ships carrying products such as diesel or jet fuel, which have considerably less impact on the marine environment in the case of a spill. It will also create thousands of new jobs for First Nations and non-First Nations alike from across Canada in construction and operation.

PFEC’s refinery will first be built in large, super-modules in Asia, and then shipped to tidewater for assembly in Canada. While we will maximize Canadian jobs during construction, the real opportunity is with long-term, high-paying jobs over the course of the refinery’s life.

Alberta New Democrats like the idea of building refineries in Alberta instead, but it would be much more costly to build our project inland. Moving those massive modules across the Rockies to Alberta would be impossible. Building a refinery without them would add 50 to 100 per cent to the cost of construction.

Let there be no doubt: Pacific Future Energy’s refinery will make money, provide jobs for generations, release Alberta’s stranded oil, and its business plan does not depend on subsidies.

Today, dozens of refineries in the U.S. Midwest — which are almost exclusively processing Canadian bitumen — are generating over $30 profit per barrel by refining Canadian crude into products for sale in the U.S., even with low oil prices.

It’s time to repatriate some of those profits back to Canadians. I am sure that’s something that we can all agree on.

Stockwell Day — former minister of international trade, treasurer and acting premier of Alberta, and Conservative MP for Okanagan-Coquihalla — is the chair of Pacific Future Energy’s advisory board, as well as a senior adviser to the company’s management team.

Jacques Benoit Joins Pacific Future Energy as Senior Vice President-Engineering

150 150 OneYellowADMIN

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 20, 2015) – Pacific Future Energy Corporation (PFEC) is pleased to announce that Jacques Benoit, a 30-year engineering veteran in the oil and gas industry, has joined its management team as Senior Vice President – Engineering.

Mr. Benoit will be responsible for providing the management team with the day-to-day advice necessary to move the project forward, and will be immediately focused on preparing for the environmental assessment process. He will also be responsible for coordinating PFEC’s contracts and relationships with outside engineering contractors.

“We are very pleased that Mr. Benoit has joined our team,” said Samer Salameh, Executive Chairman. “He will bring important insights to us as we prepare our plans for the world’s greenest refinery, building our future and protecting our coast.”

Mr. Benoit brings tremendous experience to the role, most recently serving as Senior Vice President for the Environmental and Water division of SNC-Lavalin, with over 1300 employees and revenue in excess of $200 million. He is also the author of many industry publications.

About Pacific Future Energy

Vancouver-based Pacific Future Energy is a company that has been developed to finance, design and construct the world’s greenest oil refinery in British Columbia, Canada. The management team consists of leaders from the venture capital, corporate and government sectors, who share the belief that while it’s in Canada’s national strategic interest to diversify its markets for oil, it should be done in a socially and environmentally responsible manner while ensuring the protection of Canada’s west coast.

SHAWN A-IN-CHUT ATLEO AND OVIDE MERCREDI JOIN PACIFIC FUTURE ENERGY

150 150 OneYellowADMIN

VANCOUVER – December 10, 2014 — Today, Samer Salameh, Executive Chairman of Pacific Future Energy, announced that Shawn A-in-chut Atleo, former National Chief of the Assembly of First Nations, has joined its management team as Senior Advisor – Partnerships, and Stockwell Day, Senior Advisor, and Chair of Pacific Future Energy’s Advisory Committee, announced that Ovide Mercredi, also a former National Chief of the Assembly of First Nations, has joined Pacific Future Energy’s advisory board.

“We are very excited to have both of these individuals join our company in senior roles,” said Samer Salameh, Pacific Future Energy’s Executive Chairman. “There is only one way to work with Canada’s Indigenous Peoples and that is in full respect of their inherent rights and title. We stand in full support of achieving a true partnership with Indigenous Peoples, communities and families.”

“We have reached a moment that marks an important opportunity for Indigenous Peoples to forge a new energy vision, grounded in our rights and responsibilities, on the global economic stage,” said Chief Shawn A-in-chut Atleo. “First Nations values and principles will shape this long term vision and the potential for a new, more sustainable, energy industry for all British Columbians and Canadians.”

“I am very pleased to join Pacific Future Energy with business visionaries who want to change the development landscape in Canada, said Ovide Mercredi. “There is a great need for a new approach that recognizes traditional lands and territories and the third order of government. Where governments failed, perhaps, developers, industry and the business world can succeed. This is the time to think outside of the status quo. There is much to do to change how business and governance is done here at home. But the good news is that it can be accomplished with visionary approaches, good will and kindness. I look forward to being part of a team that will change the development narrative and make big contributions to the way forward.”

About Pacific Future Energy

Vancouver-based Pacific Future Energy is a company that has been developed to finance, design and construct the world’s greenest oil refinery in British Columbia, Canada. The management team consists of leaders from the venture capital, corporate and government sectors, who share the belief that while it’s in Canada’s national strategic interest to diversify its markets for oil, it should be done in a socially and environmentally responsible manner while ensuring the protection of Canada’s west coast.

For further information or to arrange interviews please contact:

Stephen Smart
Citizen Relations (on behalf of Pacific Future Energy)
Tel: 604-647-6268
Email: stephen.smart@citizenrelations.com

Pacific Future Energy Corporation Expands Team with Leading First Nations and Oil Industry Expertise

150 150 OneYellowADMIN

 

CALGARY — The Honourable Stockwell Day, P.C. announced the appointment of two new members to the Pacific Future Energy Advisory Council today. The two new additions will continue to strengthen the company as they work to develop the world’s greenest refinery in British Columbia, Canada.

“We are very pleased to announce that Jack Donald and Chief Robert Louie are joining us,” said Day, while speaking at the 2014 Calgary Energy Roundtable. “They both bring a wealth of business experience and technical expertise to help guide us through this ambitious project,” he added.

Jack Donald, is the founder of Parkland Industries and a Member of the Canadian Petroleum Hall of Fame. Robert Louie is the Chief of the Westbank First Nation. He is also the Chairman of the First Nations Lands Advisory Board and Chairman and Board Director Member of the Peace Hills Trust.

Pacific Future Energy has assembled a global team to build a refinery that will protect Canada’s West Coast from the threat of a heavy oil or bitumen spill. Mr. Day was announced as the chair of the company’s Advisory Council in September of this year, and several additional appointment announcements are expected shortly as the company continues to expand.


About Pacific Future Energy
Vancouver-based Pacific Future Energy is a company that has been developed to finance, design and construct the world’s greenest oil refinery in British Columbia, Canada. The management team consists of leaders from the venture capital, corporate and government sectors, who share the belief that while it’s in Canada’s national strategic interest to diversify its markets for oil, it should be done in a socially and environmentallywhile ensuring the protection of Canada’s west coast.


For interviews or more information, contact:

Kate Guest, Citizen Relations on behalf of Pacific Future Energy
Kate.Guest@citizenrelations.com
(604) 647-6263


– Backgrounder –
New Appointees to Pacific Future Energy Advisory Council

Jack C. Donald

jack_donald_board_of_directors

Jack C. Donald, injected the “upstream” exploration sector’s streak of entrepreneurial independence into “downstream” refining and retailing from his home base in Red Deer.

Starting with two gas stations and a truck in 1977, he built Parkland Industries into a chain spanning western and northern Canada with 454 retail locations, a trucking fleet and a former Shell refinery at Bowden, Alberta.

The firm was a case of building an entry in a hotly-competitive field virtually from scratch. In 1971-76, Mr. Donald honed his skills as marketing vice-president of Turbo Resources, a highly successful refiner and retailer of the period. Mr. Donald and his wife Joan charted an independent course by buying control of Parkland Beef Industries Ltd., which was at the time a 15-year-old operator of a cattle feedlot. Within a year, the Donalds dropped the beef and steered the firm into oil products under the Fast Gas brand.

He put his stamp on the industry as president of River Ridge Resources Ltd. and as a former director of TransAlta Corp., Ensign Resource Services Group and Del Roca Energy Ltd.

His expertise has also been recognized with appointments such as chairman of Canadian Western Bank, Alberta Opportunity Co. and provincial tax reform commissions.

Mr. Donald is an active member of the Red Deer community serving two aldermanic terms and as a member of the board of Red Deer College. He has also received the Pinnacle Award for Business Excellence.

Robert Louie

chiefrobertlouie

Robert Louie, LL.B., OC, of Kelowna, B.C. is the Chief of the Westbank First Nation. He is also the Chairman of the First Nations Lands Advisory Board and Board of Director member of Peace Hills Trust (Financial Institution). He served as a Board of Governor member with the University of British Columbia and as a member of the President’s Advisory Council of the University of British Columbia Okanagan (UBC-O).

Chief Louie is also a former practicing lawyer who specialized in native law. Previously he was a member of a Task Group of the First Nations Summit, and was involved in B.C. treaty negotiations representing the Chiefs in B.C. for a period of 4 years.

Chief Louie has served on numerous other boards and advisory bodies, including the National Aboriginal Economic Development Board, First Nations Finance Authority Inc., All Nations Trust Company, Kelowna Chamber of Commerce, United Native Friendship Society, and the Premiere’s Advisory Council of Aboriginal Affairs.

Chief Louie has been the recipient of many awards and recognitions over the years. By far the most prestigious, was his appointment as an Officer to the Order of Canada. More recently, he was the recipient of the Distinguished Alumni Award from Okanagan College, the Queen’s 2nd from Xerox Canada/Aboriginal Financial Officers Association. In February 2014 Chief Louie was presented with an honorary Doctors of Laws degree from the Justice Institute of British Columbia.

He is also the owner of several successful businesses in the Kelowna area.

Stockwell Day speaks on the critical need for a refinery on Canada’s West Coast

OneYellowADMIN

OTTAWA, Sept. 23, 2014 /CNW/ – The Hon. Stockwell Day, former Leader of the Opposition and head of the Canadian Alliance will speak Wednesday in Ottawa on the need to expand access for Canadian oil products to new global markets, and why a refinery is the only option that will meet the conditions needed to meet this critical national policy objective. As the newly appointed Chair of the Advisory Committee for Pacific Future Energy Corporation, Day will speak about how building the world’s greenest oil refinery in British Columbia, is vital to Canada’s national interests.

In the wake of recent Supreme Court decisions, Day will make the case that the energy industry needs to recognize First Nations’ right to full participation in the energy economy and to ensure they have a seat at the table throughout the entire process, from conceptualization onwards.

True partnership with First Nations also means true respect for the environment and for Canada’s unspoiled coast – and Day will argue that this means that there is also a need to think creatively about how we export our energy, how it is refined, and how we get it to the markets where it’s most in-demand.

DETAILS:

WHO: The Hon. Stockwell Day, PC, Senior Advisor, Pacific Future Energy

WHAT: Address to the Economic Club of Canada, “Canada’s Pacific Future”

WHEN: Wednesday, September 24, 2014, 7:30 a.m.-8:45 a.m.

WHERE: The Fairmont Chateau Laurier, 1 Rideau Street, Ottawa

About Pacific Future Energy

Vancouver-based Pacific Future Energy is a company that has been developed to finance, design and construct the world’s greenest oil refinery in British Columbia, Canada. The management team consists of leaders from the venture capital, corporate and government sectors, who share the belief that while it’s in Canada’s national strategic interest to diversify its markets for oil, it should be done in a socially and environmentally responsible manner and while ensuring the protection of Canada’s west coast. For more information about the company www.pacificfutureenergy.com

SOURCE Pacific Future Energy

Image with caption: “Pacific Future Energy (CNW Group/Pacific Future Energy)”. Image available at: http://photos.newswire.ca/images/download/20140923_C1895_PHOTO_EN_5931.jpg

For further information: Alexandra Pecoskie, Citizen Relations on behalf of Pacific Future Energy, 604-647-6256

STOCKWELL DAY JOINS PACIFIC FUTURE ENERGY

OneYellowADMIN

FORMER INTERNATIONAL TRADE MINISTER JOINS PROJECT TO REFINE ALBERTA BITUMEN FOR ASIAN MARKETS
FOR IMMEDIATE RELEASE

VANCOUVER (August 21, 2014) Pacific Future Energy Corporation (Pacific Future Energy) is pleased to announce that former International Trade Minister, former Treasurer (Minister of Finance) and Acting Premier of Alberta, and former Leader of the Her Majesty’s Official Opposition, the Honourable Stockwell Day, P.C., has joined its management team as a Senior Advisor, Director, and chair of the company’s Advisory Committee. Pacific Future Energy plans to build and operate the greenest refinery in the world on Canada’s west coast.

“We believe it is critical to Canada’s national strategic interest to gain access to international markets for Alberta’s oil. As the former federal regional minister for British Columbia, and a former Alberta cabinet minister, I have a unique vantage point from which to understand what it takes to make this happen,” Mr. Day said.

“This can only be accomplished in full partnership with First Nations, with true economic benefits for Canadians, including Albertans and British Columbians, all the while protecting Canada’s cherished west coast from the catastrophic effects of a possible bitumen spill,” added Mr. Day.

“We are very excited to have Mr. Day join our team,” said Samer Salameh, Executive Chairman of Pacific Future Energy. “Our project office is now up and running at a robust pace. Our goal is to finalize the refinery site by the end of 2014. We expect to enter into the regulatory process in 2015.”

The Pacific Future Energy refinery in B.C. will help to build our future by creating thousands of long term jobs and economic stability at home by expanding Canada’s oil market access. It will also protect Canada’s west coast by eliminating the threat of a bitumen spill. This will be accomplished by shipping products refined in Canada. The refinery will utilize Near Zero Net Carbon emissions technology and will be the greenest refinery in the world.

The $10 billion refinery is being designed to be built in modules, the first processing 200,000 barrels of bitumen per day, ensuring that it both is scalable and flexible. The bitumen will be converted into gasoline, diesel, kerosene and other distillates.

“From the very beginning, and every step of the way, our partnership with First Nations will ensure that we all benefit from traditional and ecological knowledge, while respecting their rights to full consultation and accommodation — all with the goal of shared prosperity and health for future generations,” added Jeffrey Copenace, Senior Vice President, Indigenous Partnership.

About Pacific Future Energy

Vancouver-based Pacific Future Energy is a company that has been developed to finance, design and construct the world’s greenest oil refinery in British Columbia, Canada. The management team consists of leaders from the venture capital, corporate and government sectors, who share the belief that while it’s in Canada’s national strategic interest to diversify its markets for oil, it should be done in a socially and environmentally responsible manner while ensuring the protection of Canada’s west coast.

For further information or to request an interview please contact:

Alexandra Pecoskie
Citizen Relations
(604) 604-647-6256
alexandra.pecoskie@citizenrelations.com

Pacific Future Energy Corporation Applauds Supreme Court of Canada in its Landmark decision in support of Tsilhqot’in National Government

OneYellowADMIN

For Immediate Release

June 27, 2014 (Vancouver, BC) – Pacific Future Energy Corporation (Pacific Future Energy) congratulates the Tsilhqot’in National Government on their landmark legal victory at the Supreme Court of Canada, which reinforces that the Tsilhqot’in Nation has proven title to their traditional territories – the first time a declaration of Aboriginal title has ever been granted by a Canadian court.

The Supreme Court of Canada’s decision in the case of William vs. Canada clearly establishes the framework within which governments and industries need to work with First Nations. This framework is virtually identical to the approach Pacific Future Energy has already committed to using for our project. We encourage all British Columbians and Canadians, including government and industry, to respect and support Indigenous rights.

“This decision demonstrates what we’ve been saying all along – that there is only one way to work with Indigenous Nations and that is in full respect of their inherent rights and title” said Executive Chairman Samer Salameh. “We stand in full support of achieving a true partnership with Indigenous Nations, communities and families.”

The Pacific Future Energy corporate structure, upheld by our operational preparations and launch of our pre-feasibility study, through every step of the feasibility analysis, environmental assessments, construction and ongoing operations, Pacific Future Energy stands with First Nations.

“This decision provides a positive new direction.  Indigenous Peoples are the key to prosperity, health and sustainability in this country” said Jeffrey Copenace, Vice President Indigenous Partnership.  “There is no question that respecting inherent rights and achieving a true genuine partnership will lead to a brighter, healthier and more prosperous future for all of Canada.”

About Pacific Future Energy

Vancouver-based Pacific Future Energy is a company that has been developed to finance, design and construct the world’s greenest oil refinery in British Columbia, Canada. The management team consists of leaders from the venture capital, corporate and government sectors, who share the belief that while it’s in Canada’s national strategic interest to diversify its markets for oil, it should be done in a socially and environmentally responsible manner and while ensuring the protection of Canada’s west coast. For more information about the company www.pacificfutureenergy.com

To request and interview or more information, please contact:

Alexandra Pecoskie
Citizen Relations on Behalf of Pacific Future Energy
604-647-6256
alexandra.pecoskie@citizenrelations.com

British Columbians support a refinery, new poll says

OneYellowADMIN

Greenest Refinery in the World Proposed for British Columbia North Coast

Vancouver (June 17, 2014) – Today’s federal government approval of the Northern Gateway Pipeline brings into focus the need to protect Canada’s West Coast from a raw bitumen spill by building a refinery.

Download Full Press Release

Download Poll

In a poll released today by Pacific Future Energy Corporation (Pacific Future Energy) over 2/3 of British Columbians expressing an opinion believe that “refining oil in Canada means more value is added and Canadians get more benefit in terms of price, jobs and tax revenues,” and that a refinery will allow “Canadians to take environmental responsibility for the full processing of oil from Canada’s oil sands.” Pacific Future Energy is a company that has been developed to build our future and protect our coast by financing, designing and constructing the world’s greenest oil refinery in British Columbia, Canada.

“We cannot risk the future of British Columbia’s cherished coast by shipping raw bitumen,” said Samer Salameh, Executive Chairman of Pacific Future Energy Corporation. “While we believe that it’s in Canada’s national strategic interest to gain access to international markets for Alberta’s oil, especially the fast growing Asian market, it shouldn’t be done at the sacrifice of BC’s coast or broader environment and must be done in full partnership with First Nations.”

“Our project is not dependent on Enbridge’s success,” Salameh added. “Over the coming years, we will work with partners who can effectively demonstrate to Canadians – and to First Nations — that they share our values.”

A majority of British Columbians expressing an opinion agree that a refinery should be built.

Other findings from the poll conducted by Rushbrooke Communications Inc:

– 66% of British Columbians surveyed agree: “Currently, Canada sells oil almost exclusively to the United States.  Building a refinery would allow us to open new markets and be less dependent on the United States.”

– 64% of British Columbians surveyed agree: “By locating a refinery in BC, British Columbians will share in the economic benefits of oil shipped through the province.”

– A significant percentage of British Columbians (21%) don’t know that refined products pose a much smaller risk to our coast than raw bitumen.   Pacific Future Energy believes that as more British Columbians become aware of this project, this number will decline.

About Pacific Future Energy

Vancouver-based Pacific Future Energy is a company that has been developed to finance, design and construct the world’s greenest oil refinery in British Columbia, Canada. The management team consists of leaders from the venture capital, corporate and government sectors, who share the belief that while it’s in Canada’s national strategic interest to diversify its markets for oil, it should be done in a socially and environmentally responsible manner and while ensuring the protection of Canada’s west coast. For more information about the company www.pacificfutureenergy.com

Methodology:

-this survey was conducted online between May 15-21, 2014 among residents of British Columbia aged 18+
– The final results were weighted to the latest census Canada statistics for age, gender and regions of British Columbia.
– The Marketing Research and Intelligence Association prohibits statements about margins of sampling error or population estimates with regard to most online panels.
– A random probability sample of n= 800 has a margin of error of +/- 3.46% (95% confidence).

To request and interview or more information, please contact:

Alexandra Pecoskie
Citizen Relations on Behalf of Pacific Future Energy
604-647-6256
alexandra.pecoskie@citizenrelations.com

download full press release

Pacific Future Energy Corp. Announces $10-Billion Bitumen Refinery Project for B.C. North Coast

OneYellowADMIN

Company will build the world’s greenest refinery, a near zero net carbon (NZNC) emission refinery for exporting processed Northern Alberta oil

Vancouver (June 10, 2014) – Pacific Future Energy Corporation (Pacific Future Energy) announced today its plan to build and operate the world’s greenest refinery on British Columbia’s north coast. While we believe it’s in Canada’s national strategic interest to gain access to international markets for Alberta’s oil, especially the fast growing Asian market, the company believes it shouldn’t be done at the sacrifice of BC’s coast or broader environment and must be done in full partnership with First Nations.

“We believe this is an incredibly unique opportunity to build the greenest refinery in the world and there’s no better place than BC,” said Samer Salameh, Executive Chairman of Pacific Future Energy. “Our pre-feasibility study has begun, which will analyze the economic, social and environmental aspects of the refinery and help to determine the prospective site and expect to launch our feasibility and regulatory process in the next 9-12 months.”

The Pacific Future Energy refinery in BC will create thousands of long term jobs and economic stability at home by expanding Canada’s oil market access.

“The combination of our strong management team, economically sound and environmentally superior refinery and access to international markets has made this very appealing to investors in the initial stage.” Salameh said. “By shipping refined products, we will eliminate the threat of a heavy oil spill. By building a refinery, based on NZNC emissions standards, we will reduce the emissions that contribute to global climate change.”

The $10 billion refinery is being designed to be built in modules, each processing 200,000 barrels of bitumen per day, ensuring it is scalable and flexible. The bitumen will be converted into gasoline, diesel, kerosene and other distillates. When all of the project modules are complete, the facility will process up to 1,000,000 barrels per day, starting with the first phase of 200,000 barrels per day.

“From the very beginning, and every step of the way, our partnership with First Nations will ensure that we all benefit from traditional and ecological knowledge, while respecting their rights to full consultation and accommodation—all with the goal of shared prosperity and health for future generations,” added Jeffrey Copenace, Vice President, Indigenous Partnership.

About Pacific Future Energy

Vancouver-based Pacific Future Energy is a company that has been developed to finance, design and construct the world’s greenest oil refinery in British Columbia, Canada. The management team consists of leaders from the venture capital, corporate and government sectors, who share the belief that while it’s in Canada’s national strategic interest to diversify its markets for oil, it should be done in a socially and environmentally responsible manner and while ensuring the protection of Canada’s west coast.

For additional information, please contact:

Alexandra Pecoskie
Citizen Relations on Behalf of Pacific Future Energy
604-669-2727
alexandra.pecoskie@citizenrelations.com