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Medicine Hat News in Medicine Hat, Alberta

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Medicine Hat News

Location

Medicine Hat, Alberta, Canada

Date

Dec 05, 1981

Page

7

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.

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.

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.

Montreal Federation Des Caisses D’entraide Economique Quebec Entraide Desjardins Credit Union Movement Desjardins Group Desjardins

Also Mentioned on This Page

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
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