The Alberta Petroleum Marketing Commission lost $1.88 billion in 2019 due to the much-delayed Sturgeon Refinery, according to its latest annual financial statements. The financial statements as of Dec. 31, 2019 are contained within Alberta Energy's annual report, which was released last week. The project is equally owned by North West Refining Inc. and Canadian Natural Resources Ltd. The government receives the finished product, which is then sold by the petroleum marketing commission. "Our involvement is principally financial in nature, managed by the Alberta Petroleum Marketing Commission," Savage said.

Source: CBC News September 01, 2020 00:33 UTC