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:
“The important thing about travel in foreign lands is that it breaks the speech habits and makes you blab less, and breaks the habitual space-feeling because of different village plans and different landscapes. It is less important that there are different mores, for you counteract these with your own reaction- formations.”
—Paul Goodman (1911–1972)
“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)