The Globe and Mail reports in its Friday edition that Parkland Fuel said Thursday its Burnaby, B.C., refinery is not for sale, even in the face of pressure from an activist investor. A Canadian Press dispatch to The Globe says that the Calgary-based fuel retailer and convenience store operator has been the subject of a campaign by U.S.-based Engine Capital LP, which owns about 2 per cent of Parkland's shares. The activist investor has been calling on Parkland to consider selling or spinning off its Burnaby refinery in order to become a pure-play fuel marketer and retailer. As part of its campaign, Engine Capital had warned Parkland it would withhold support from the company's incumbent directors at Parkland's annual meeting Thursday. In a conference call with analysts held just prior to that annual meeting, Parkland chief executive officer Bob Espey said the company has completed a detailed review of the refinery, and a sale is not in the cards. "We reviewed several options, including a sale or spinoff and considered the impact of leverage and synergies," Mr. Espey said. "Following this detailed review we concluded that Parkland should retain ownership of the refinery to maximize shareholder value at this time."