- Parkland Corp. cut a cheque to the City of Burnaby, B.C. to cover costs after an incident at its plant earlier this year
- In a letter to the city, its management signed the cheque for a little more than C$31,000 for the Burnaby Fire Department’s costs incurred during the industrial incident
- The Canadian energy stock had to temporarily shut down its refinery back in January and warned locals in the area they may notice a strong smell, flaring and visible smoke
- Parkland Corp. stock last traded at C$42.39 per share
Parkland Corp. (TSX:PKI) cut a cheque to the City of Burnaby, B.C., to cover costs after an incident at its plant earlier this year.
In a letter to the city, its management signed the cheque for a little more than C$31,000 for the fire department’s costs incurred during the industrial incident. In the interest of being a “good neighbour,” the company stated that it would also increase its social investment for this year by the same amount.
The Canadian energy stock had to temporarily shut down its refinery back in January and warned locals in the area they may notice a strong smell, flaring and visible smoke from the refinery and paused processing operations because of recent extreme cold weather across the province.
The city’s fire chief had submitted a cost estimate for the same amount to the mayor and council in relation to the response from the department and police, saying that 34 firefighters, 11 fire vehicles and two RCMP units attended the scene for more than six hours.
Operating from headquarters in Calgary, Parkland Corp. is an international fuel distributor and retailer. An energy and retail company, its segments include Canada, international markets, the United States and refining. The Canadian segment owns, supplies, and supports a network of retail gas stations, frozen food retail locations, convenience stores, card lock sites, bulk fuel, propane, heating oil, lubricants and other related services.
Parkland Corp. stock (TSX:PKI) last traded at C$42.39 per share. On the month, its share value has lost more than 11 per cent but has risen nearly 38 per cent since this time last year.
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