Westshore Terminals Investment Corp T.WTE

Alternate Symbol(s): WTSHF

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Westshore Terminals Investment Corporation is a Canada-based company, which owns all of the limited partnership units of Westshore Terminals Limited Partnership (Westshore). The Company invests in Westshore by way of distributions on Westshore's limited partnership units. Westshore operates a coal storage and unloading/loading facility at Roberts Bank, British Columbia. Westshore receives handling charges from its customers for throughput volume. Coal is delivered to the Terminal in unit trains operated by Canadian Pacific Railway, BNSF Railway, and Canadian National Railway. The product is unloaded and either directly loaded onto a ship or stockpiled for future ship loading. The loaded ships are then destined around the globe to approximately 16 different countries. Westar Management Ltd. (the Manager) provides management services to Westshore and administrative services to the Company. The manager also provides insurance and vehicle leasing services to the Company.

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Westshore Terminals Investment Corp > Jim Pattison INTERVIEW..............WestShore Transitioning

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Comment by Red_Deeron Nov 30, 2021 3:33pm

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Post# 34181862

RE:Jim Pattison INTERVIEW..............WestShore Transitioning

Red_Deer wrote: “Everything we’re doing today going forward, our first consideration is the environment.” He said he is also attempting to improve the environmental impact of his current businesses, including what is, environmentally speaking, an albatross: his 40-per cent stake in Westshore Terminals, a coal port in Vancouver. Pattison is hoping to “transition” the terminal’s output to potash. The goal, he said, is to “to transition as rapidly as we can” without mass layoffs or destruction of the company’s value. “We’ve got to be practical about it,” he said. “We have employees, and we have contracts and we’ve got to honour our contracts. But we know we have to move out of anything that isn’t friendly to the environment.”

https://financialpost.com/personal-finance/high-net-worth/whos-jim-pattison-empire-builder-and-billionaire-just-dont-call-him-canadas-warren-buffett