Sources have confirmed to CBC News that a deal to sell the Come By Chance oil refinery in Placentia Bay has collapsed, and that the idled facility will close permanently. Workers received notice from North Atlantic Refining on Monday, and an all-staff meeting is planned for Tuesday morning. "The company will not be providing comment on internal, confidential matters at this time," North Atlantic Refining said in a statement Monday evening. "I recognize that this is an unsettling time for the hard-working people at the refinery in Come by Chance," Furey wrote. "The owner Silverpeak has invested substantially in the refinery which is an asset for the province," Parsons wrote.

Source: CBC News October 05, 2020 21:06 UTC