CLEANUP OF CLOSED RETAIL OUTLETS TO BE COSTLY IN CANADA
Cleanup costs for closing service stations will cost Canadian majors more than $1 billion, an industry spokesman predicts. Brendan Hawley of the Canadian Petroleum Products Institute (CPPI) estimates the cost at $1-2 billion (Canadian), depending on how many stations are involved. CPPI says the cost of removing underground tanks and cleaning up contaminated soil, with a separate tank for each pump, will be $25,000/tank. Costs will be borne by companies or their agents.