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The Limetree Bay refinery in March 2021 in St. Croix, Virgin Islands. Photo: Salwan Georges/The Washington Post via Getty Images

A controversial oil refinery in St. Croix, U.S. Virgin Islands, is shutting down "indefinitely" because of "severe financial constraints," its owner, Limetree Bay Energy, announced on Monday.

Why it matters: The future of the refinery, which recently showered oil on homes in nearby communities and polluted drinking sources, is unknown, and it is unclear how cleanup in the future would be handled, the Washington Post reports.

The Environmental Protection Agency in May ordered the refinery to cease operations for 60 days "due to multiple improperly conducted operations that present an imminent risk to public health."

  • Limetree Bay voluntarily ceased operations before the EPA order after a flaring event showered homes in nearby communities with oil droplets.
  • The company said the flaring event was the result of a malfunctioning coker unit and warned residents to avoid drinking from rainwater cisterns on Thursday.

What they're saying: After the May shutdown, Limetree Bay said it had been working to obtain capital to help its restart efforts.

  • "Regrettably, the Company has been unable to secure the necessary funding and will be required to reduce the refinery’s workforce by approximately 271 employees, effective September 19, 2021," it said in a statement.
  • “Our personnel have demonstrated tremendous commitment and dedication in restarting the refinery, and we continue to be proud of their hard work. Unfortunately, this is our only option, given the extreme financial constraints facing the Company," CEO Jeff Rinker said.

The big picture: The 1,500-acre facility sat idle for four years until 2016 when Boston-based private equity firm Arclight Capital Partners acquired the plant and recruited other investors to attempt to resume operations, according to Reuters.

  • Since that attempted restart, the facility has suffered several financial and operational setbacks.

Go deeper

Biden rejects Trump's latest executive privilege claims

Photo: Jim Watson and Saul Loeb/AFP via Getty Images

The White House on Monday rejected two more of former President Trump's claims of executive privilege over documents that the House select committee investigating the Jan. 6 Capitol riot requested, CNN first reported.

Why it matters: Trump's legal team is seeking to block some of the panel's requests for records by invoking executive privilege, which can allow presidents and their aides to sidestep congressional scrutiny. The Biden administration has maintained that it will evaluate on a case-by-case basis.

Amazon warehouse workers in New York file petition to hold unionization vote

Amazon workers and their supporters rally outside the National Labor Relations Board's regional office in Brooklyn, New York City, after filing a petition requesting an election to form a union. Photo: Gabby Jones/Bloomberg via Getty Images

Amazon warehouse workers in New York City filed a petition on Monday with the National Labor Relations Board (NLRB) to hold a vote on unionization.

Why it matters: The move comes six months after an organizing effort was defeated at Amazon's distribution center in Alabama.

Updated 3 hours ago - World

U.S. freezes aid to Sudan over military coup

Protesting the coup in Khartoum. Photo: AFP via Getty

The Biden administration froze a $700 million aid package to Sudan after a military coup on Monday threatened to end the country's transition toward democracy.

Driving the news: At least three protesters have been killed and dozens wounded in the chaotic scenes that followed the announcements from Gen. Abdel Fattah al-Burhan, the head of Sudan's ruling council, dissolving the government and declaring a state of emergency.