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)
“Take it all around, I was feeling ruther comfortable, on accounts of taking all this trouble for that gang, for not many would a done it. I wished the widow knowed about it. I judged she would be proud of me for helping these rapscallions, because rapscallions and dead beats is the kind the widow and good people takes the most interest in.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)