Turbo Resources to Open Canada’s First Private Integrated Oil Refiner
Turbo Resources Ltd plans a mid 1982 opening of its $200 million oil refinery in Calgary to become Canada’s first private integrated oil company. It will supply its 340 stations and move beyond a waste oil recycler image while pursuing further acquisitions to fuel growth and reduce dependence on major oil firms.
MENTIONED IN THIS ARTICLE
Calgary
Turbo Resources Ltd
Turbo
Upper Canada Resources Ltd
Toronto
Brown
Upper Canada
Challenger International Services Ltd
Challenger and Turbo
Merland Exploration Ltd
Merland
United States
Canada
Ken Travis
Turbo chief uneasy with attack on national energy program
Bob Brown president and CEO of Turbo Resources Ltd. has spent much of the year leading opposition to Ottawa's national energy program while urging lobbying over confrontation. The Calgary native turned Turbo from a waste oil recycler to a diversified outfit with a projected 1985 revenue near 1 billion and plans a 1982 refinery to create a private Canadian owned integrated oil company. Brown avoids radical tactics and foresees leading Turbo for about a decade while the industry faces political tensions and credibility questions from Ottawa.
MENTIONED IN THIS ARTICLE
Imperial Oil Ltd
Texaco Canada Ltd
Petro- Canada Ltd
Federal Crown Corporation
Wood-Gundy Ltd
Turbo
Bob Brown
Calgary
Turbo Resources Ltd
Independent Petroleum Association of Canada
Western Canada
Association
Brown
Marc Lalonde
Ottawa
Entraide Credit Union Faces Crisis With Plan to Merge
The ailing Federation des caisses d entraide economique in Quebec seeks government aid and a partial freeze on deposits after a liquidity crunch. Entraide plans to freeze 25 percent of share capital per branch to stabilize funds while 75 percent becomes term deposits. Dissident branches favor merging with Desjardins over a takeover.
MENTIONED IN THIS ARTICLE
Montreal
Federation Des Caisses D’entraide Economique
Quebec
Entraide
Desjardins Credit Union Movement
Desjardins Group
Desjardins
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the Medici
Leduc-Calmar Oil Co
Doug Evans
Travis
Brawn
Independent Petroleum Association
Edmonton
Vancouver
Credit Union At Crossroads
RED Olil Foods
Dunmore Road
Medicine Hat
Plymouth Chrysler Ltd
Dave Anderson
Dave
Terry
University of Saskatoon
Bruce
Todd
Medicine Hat High
Plymouth
Chrysler
Redcliff
Dr. S.W. Medicine Hat
Alberta Blue Cross
Alberta
Ormation Mail
TSU
Town of
Redcliff Town
England
Jonks
Crescent Heights
Western Co-operative Fertilizers
Parks Department
City of
Cuyler
City Hall