Orimulsion revulsion: AIMS on NB Power’s Coleson Cove fiasco
Nothing sums up NB Power’s problems better than the Coleson Cove fiasco. In an effort to reduce its dependence on expensive fuel oil, the utility embarked on a $747-million conversion of Coleson Cove to burn Orimulsion. The vast bulk of the money has already been spent. There is just one tiny little catch. There is only one place you can buy Orimulsion: the state oil company of Venezuela. And while it has not always been the case, these days Venezuela is a synonym for “unstable banana republic.” The country teeters on the brink of civil unrest and authoritarian rule by a military strongman. Risky? You bet. Find out just how risky, and the price New Brunswickers paid when the risk went wrong,