New Brunswick's Energy and Utilities Board has scheduled a full hearing into Irving Oil's request for wholesale petroleum price increases for March 30. That tone has alarmed supporters of Irving Oil who fear the company is in trouble. Eric Lloyd is president of Sunny Corner Enterprises Inc., an industrial construction firm in Miramichi that does business with Irving Oil. "It would be devastating to lose this asset," wrote union president Jean-Marc Ringuette in his letter supporting Irving Oil's request. "In the unlikely case the permanent increase for motor fuels is lower than the interim increase, Irving Oil cannot effectively and fairly rebate the difference," he said.

Source: CBC News January 25, 2021 11:26 UTC