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Special Committee on Cooperatives committee We refine Canadian-based crude stocks, mostly from—
July 26th, 2012Committee meeting
Vic Huard
Special Committee on Cooperatives committee Yes: 40% of the feedstock into our refinery comes from the Canadian oil sands.
July 26th, 2012Committee meeting
Vic Huard
Special Committee on Cooperatives committee No, that's fine. I'm shocked this has come up.
July 26th, 2012Committee meeting
Vic Huard
Special Committee on Cooperatives committee I'd say we've encouraged it. This year, in the next few weeks, we will be bringing on stream our section five expansion of our refinery complex, which is going to increase our current refining capacity from 100,000 barrels a day of input crude to 145,000 barrels a day of input cr
July 26th, 2012Committee meeting
Vic Huard
Special Committee on Cooperatives committee Correct. We've self-source-financed the majority of this project. In recent months we did in fact go out and get a syndicated financial instrument to allow us to—
July 26th, 2012Committee meeting
Vic Huard
Special Committee on Cooperatives committee I'm sure he's envious. Do you know what? Peter Lougheed is in fact a member of the Calgary co-op. I will say that. I do know that.
July 26th, 2012Committee meeting
Vic Huard
Special Committee on Cooperatives committee Actually the petroleum side is the best example, because that is our most vertically integrated part of our business. We're involved everywhere, upstream, midstream, and downstream.
July 26th, 2012Committee meeting
Vic Huard
Special Committee on Cooperatives committee I think Mr. Tully covered it off. Thank you.
July 26th, 2012Committee meeting
Vic Huard
Special Committee on Cooperatives committee Thank you, Glen. Members of the committee, I'm honoured to be here today to represent FCL and its member owners, who together make up the Co-operative Retailing System. For more than 85 years, the CRS has been a key player in the economic growth of western Canada. Our cooperativ
July 26th, 2012Committee meeting
Vic Huard