Sunoco LP, headquartered in Dallas, Texas, will take ownership of the Parkland Burnaby Refinery on October, completing a US$9.1-billion acquisition of Calgary-based Parkland Corporation.
The 55,000-barrel-per-day facility, established in 1935 on the Burrard Inlet, produces gasoline, diesel, and jet fuel, supplying 25% of Greater Vancouver’s gasoline demand and 30% of Vancouver International Airport’s jet fuel needs.
The deal has ignited controversy amid escalating U.S.-Canada trade tensions. Unifor Local 601, representing approximately 180 refinery workers, warned in a September 2025 statement: “Selling critical fuel infrastructure to a U.S. company risks supply disruptions during tariffs or border closures.”
The union highlighted potential vulnerabilities in fuel supply chains, especially given recent U.S. tariff threats on Canadian energy exports.Parkland purchased the refinery from Chevron Canada in 2017 for C$1.46 billion. Sunoco has pledged to maintain operations and invest in the facility’s future.
The acquisition includes Parkland’s 2,500 retail sites across Canada but excludes its international operations. The transaction, approved by Parkland shareholders in September 2025, marks the first time the Burnaby Refinery will be owned by an American company. (200 words)