As Harsh Financial Realities Emerge, St Croix s Limetree Bay Refinery Could Be Facing Bankruptcy insideclimatenews.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideclimatenews.org Daily Mail and Mail on Sunday newspapers.
U.S. private equity firm Arclight Capital Partners LLC, which invests the retirement savings of Maine teachers, NFL football players and Mayo Clinic doctors, lost hundreds of millions of dollars betting on a troubled Caribbean oil refinery, according to sources and documents reviewed by Reuters.
After the EPA shut down Limetree Bay refinery, St. Croix is weighing its economic future against the health and environmental impacts of betting big on oil.