Author Topic: The Wreck of BC  (Read 4946 times)

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Offline waldo

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Re: The Wreck of BC
« Reply #795 on: April 20, 2018, 03:02:59 am »
And the plan to "increase the Canadian ownership" of the oil industry was based around a regime of punitive measures aimed at foreign companies developing "old oil" resources (ie, drilling and exploring in Alberta).

One of the principal uses for the money looted from the Alberta oil industry was to subsidize oil exploration elsewhere.  Principally offshore and in the northern territories.  (Why the enthusiasm for offshore and the north? Because the royalties from the oil would go straight into federal coffers. Go figure.)

citation request