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:
“There is a close tie of affection between sovereigns and their subjects; and as chaste wives should have no eyes but for their husbands, so faithful liegemen should keep their regards at home and not look after foreign crowns. For my part I like not for my sheep to wear a stranger’s mark nor to dance after a foreigner’s whistle.”
—Elizabeth I (1533–1603)
“I cannot assent to a measure which stains our credit. We must keep that untainted. We are a debtor nation. Low rates of interest on the vast indebtedness we must carry for many years, is the important end to be kept in view. Expediency and justice both demand honest coinage.”
—Rutherford Birchard Hayes (1822–1893)