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:
“Our country! In her intercourse with foreign nations, may she always be in the right; but our country, right or wrong.”
—Stephen Decatur (1779–1820)
“It is the interest of the commercial world that wealth should be found everywhere.”
—Edmund Burke (1729–1797)