Foreign influence in Canada’s oil patch
Natural Resources Minister Joe Oliver’s contention that the National Energy Board hearings on the Enbridge Northern Gateway pipeline are loaded down with foreign special interests is exactly right. But it is not the “environmentalists and other radical groups” that are the problem. It’s the oil and gas industry.
This StatscanÂ table lays out foreign ownership in Canada’s oil and gas sector. In 2009, foreign corporations controlled 35% of the assets of the sector, received just over half of the revenues, and more than two fifths of the profits.