The Financial Post reports in its Tuesday, Jan. 27, edition that the company proposing an $11-billion heavy oil refinery in British Columbia is pushing ahead with the project despite market volatility and is seeking $25-million in financing. The Post's Yadullah Hussain writes that Pacific Future Energy chairman Samer Salameh says: "We are raising $25-million and that would take us to the permitting process, which would take two to three years. ... We are down to finalizing two sites on the B.C. Coast, and we will be filing for an environmental assessment by the end of this year." The company has ambitious plans to build the world's "near net-zero carbon emission facility and the cleanest refinery in the world," powering it with natural gas and renewable energy to reduce emissions by 40 per cent. Pacific Future Energy believes the project meets B.C.'s five conditions outlined last year by Premier Clark, although the company is not seeking any subsidies from the government. The five conditions were originally designed for Enbridge's proposed Northern Gateway pipeline, but are being used as a template by other proponents seeking to build projects in B.C.