Business

Vialet Calls on Bryan to Ensure That Sale Transaction of Refinery is Legally Binding; Gov't House Issues Statement

Senator Kurt Vialet on Wednesday called on the Bryan administration to ensure that the sale transaction of the Limetree Bay Refinery — in light of a statement from West Indies Petroleum claiming that it does not have a stake in the refinery — is legally binding. WIPL said Port Hamilton Refining and Transportation is the sole owner. Mr. Vialet said the government should seek to learn which entity the refinery was awarded to according to bankruptcy proceedings; which entity established environmental liability with the Environment Protection Agency; disclosure of owners, partners, and investors of Port Hamilton Refining and Transportation; and whether PHRT has the financial resources to restart and maintain the refinery. The governor should also seek to learn whether the withdrawal of WIPL creates a legal issue, said Mr. Vialet, the powerful Senate Committee on Finance chair. "Coupled with Limetree Bay Terminals' announcement of breach in payments by the new owners for electricity, etc....