Foreign Interest
At its recent peak in 1973, more than 78 per cent of Canadian oil and gas production was under foreign ownership and more than 90 per cent of oil and gas production companies were under foreign control, mostly American. It spurred the National Energy Program under the Trudeau government.
Read more about this topic: History Of The Petroleum Industry In Canada
Famous quotes containing the words foreign and/or interest:
“It’s not that I don’t want to be a beauty, that I don’t yearn to be dripping with glamor. It’s just that I can’t see how any woman can find time to do to herself all the things that must apparently be done to make herself beautiful and, having once done them, how anyone without the strength of mind of a foreign missionary can keep up such a regime.”
—Cornelia Otis Skinner (1901–1979)
“Mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges ... which are employed altogether for their benefit.”
—Andrew Jackson (1767–1845)