Gibson Energy Inc. announce that its Board of Directors has approved the Company's 2014 capital spending plan of $410 million. This is approximately 30% higher than Gibson's 2013 capital budget and represents the largest planned spend in the Company's history.
◾ $340 million - or 83% - of the 2014 capital spending plan is directed towards growth investments of which $230 million - or 68% - is earmarked for the Terminals and Pipelines segment;
◾ Significant investments are also planned for the Environmental Services segment; and
◾ Estimated growth capital spending for 2015 in excess of $250 million.