SOURCE: Industrial Info Resources

March 17, 2008 07:01 ET

British Columbia's Environmental Regulation Uncertainty Jeopardizes $140 Million Graymont Lime Project, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 17, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Because of uncertainties with the British Columbian government's climate action plan, Graymont Incorporated has put the skids on its proposed $140 million limestone quarry and processing plant in Giscome, British Columbia. The company pulled out of the environmental assessment process because of concerns about the province's regulatory approach on greenhouse gases and halted the public consultation process, as well. This action has virtually put the project on hold indefinitely.

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