Husky Energy Inc. says it is looking at getting out of retailing fuels to consumers after 80 years in the business. The Calgary-based oilsands producer says it is launching a strategic review that could result in it selling its Canadian retail and commercial fuels business and its small Prince George, B.C., refinery. The 12,000-barrel-per-day refinery in Prince George processes light oil into gasoline, diesel and other products for nearby regions of B.C. Spokesman Mel Duvall says Husky started selling fuel to consumers in 1938 shortly after the original owner built a small refinery in Cody, Wyo. CEO Rob Peabody says in a news release the businesses are "highly marketable" and will attract strong interest and valuations.

Source: CBC News January 08, 2019 23:26 UTC