Arthur L. Irving, one of Canada’s wealthiest individuals and the son of industrialist K.C. Irving, has passed away at the age of 93. He played a significant role in growing the oil business that his father founded, as well as leading Irving Oil to great success. At the time of his death, he was among the top 10 richest Canadians with an estimated net worth of US$6.4 billion, which included ownership of Canada’s largest refinery in New Brunswick and the Whitegate refinery in Ireland. Irving began working for Irving Oil in 1951, alongside his father and brothers, and eventually became president of the company in 1972.
Throughout his life, Irving faced challenges such as a difficult divorce in 1980 and an estrangement from his eldest son, who left the company in 2010 following a falling out with his father. Despite these personal struggles, Irving was recognized for successfully expanding the company and leading it to new heights of success. In August 2013, Irving stood alone at a news conference announcing a bid to build a pipeline from Alberta to the family refinery, as his son and heir was notably absent. This moment captured the family’s internal strife and division, highlighting the personal toll it took on Arthur Irving and his relationships.
In the 1980s and ’90s, Arthur Irving worked closely with his brothers J.K. and Jack, as they each took on different responsibilities within the family business empire. The companies were intertwined, with the trucking firms relying on the refined gasoline from the oil business, while the forestry and shipping interests utilized construction subsidiaries. However, in late 2009, the three brothers decided to separate their business interests, with Arthur taking control of the energy sector. This marked a significant shift in Arthur Irving’s career, as he assumed greater leadership and responsibility within the family business.
Irving Oil’s Saint John refinery is currently undergoing a strategic review to determine its future, as the global shift towards renewable energy sources is impacting the fossil fuel industry. While Irving had been instrumental in expanding the company’s operations and success, he faced challenges in his personal life that had lasting impacts, including the estrangement from his eldest son. Despite these difficulties, Irving was well-regarded for his contributions to Atlantic Canada and his role in championing the region and its people. His legacy as a prominent figure in the Canadian business world and his impact on the oil industry will be remembered for years to come.
In conclusion, Arthur L. Irving’s passing marks the end of an era for Irving Oil and the Irving family business empire. His life was filled with ups and downs, from successful business ventures to personal struggles within his family. Despite these challenges, Irving made significant contributions to the oil industry and Atlantic Canada, leaving a lasting impact on the region and the people he worked with. His legacy as a successful businessman and leader in the energy sector will be remembered for years to come.
