Foreign-Control-of-Tar-Sands.png

Tar Sands Oil Companies 71 Percent Foreign-Owned – Cue Ezra Levant’s Outrage

ForestEthics Advocacy released a game-changing research brief today documenting the massive foreign control of Alberta's tar sands oil industry. Publicly traded oil companies with active tar sands operations have a very high level of foreign ownership – 71 per cent.

Some supposedly "Canadian" oil companies including Suncor, Canadian Natural Resources Limited, Imperial Oil and Husky are predominantly owned by foreign interests. More than half of Canada’s oil and gas revenue goes to companies under foreign control.

This revelation stands in stark contrast to the talking points of the Harper administration and its media echo chamber, which insist that there is too much foreign influence over Canada's resource decisions from environmental groups. In fact, the evidence shows overwhelmingly that foreign interests are influencing tar sands and other resource decisions – chiefly Chinese and other foreign oil companies. 

Cue Ezra Levant's outrage at this foreign influence in Canadian interests! Where's Vivian Krause when you need her? Surely the Ethical Oil Institute will agree that this level of foreign intervention is a dangerous threat to Canada's future

Recall that when the Ethical Oil Institute launched its allegedly "100% Canadian" OurDecision.ca website, this was the statement by spokesperson Kathryn Marshall:  "We’ll never take foreign money to undermine our country’s national interests." 

The group admits that it receives funding from companies active in the tar sands. Now that it's been revealed that all these companies are predominently foreign-owned, the group's claims to be 100% Canadian are highly misleading. We await their statement correcting the record.

Anticipating that someone, perhaps from the 'ethical oil' team, will quickly attempt to do damage control by claiming that this is just some ginned up report by ForestEthics, let's be crystal clear that the data underlying the report are all from independent sources including Bloomberg Professional and industry journals. 

The ForestEthics Advocacy brief concludes:

"The Conservative Harper government is increasingly ruling in favour of foreign-oil companies instead of Canadians. We need foreign investment and shareholders in this country, but it does not need to be at the cost of democracy, our environment, and future generations."

Read the full Forest Ethics Advocacy brief [PDF]: Who Benefits? An Investigation of Foreign Investment in The Tar Sands
 

Update: Rick Mercer's takedown of this "foreign-owned" nationalism talking point is increasingly accurate with every passing day. (H/T AnOilMan).
 

 

New title

You’ve read all the way to the bottom of this article. That makes you some serious Narwhal material.

And since you’re here, we have a favour to ask. Our independent, ad-free journalism is made possible because the people who value our work also support it (did we mention our stories are free for all to read, not just those who can afford to pay?).

As a non-profit, reader-funded news organization, our goal isn’t to sell advertising or to please corporate bigwigs — it’s to bring evidence-based news and analysis to the surface for all Canadians. And at a time when most news organizations have been laying off reporters, we’ve hired eight journalists over the past year.

Not only are we filling a void in environment coverage, but we’re also telling stories differently — by centring Indigenous voices, by building community and by doing it all as a people-powered, non-profit outlet supported by more than 2,900 members

The truth is we wouldn’t be here without you. Every single one of you who reads and shares our articles is a crucial part of building a new model for Canadian journalism that puts people before profit.

We know that these days the world’s problems can feel a *touch* overwhelming. It’s easy to feel like what we do doesn’t make any difference, but becoming a member of The Narwhal is one small way you truly can make a difference.

We’ve drafted a plan to make 2021 our biggest year yet, but we need your support to make it all happen.

If you believe news organizations should report to their readers, not advertisers or shareholders, please become a monthly member of The Narwhal today for any amount you can afford.

Brendan DeMelle is Executive Director of DeSmogBlog.com.  He is also a freelance writer and researcher specializing in new media, politics,…

Saving the salmon: why the Gitanyow are creating a new Indigenous Protected Area

When the sun sets in a bowl-shaped basin on Ana’miso mountain on Gitanyow lax’yip (territory) in northwest B.C., that means the sockeye salmon are running...

Continue reading

Recent Posts

Help power our ad-free, non‑profit journalism
Get The Narwhal in your inbox!

People always tell us they love our newsletter. Find out yourself with a weekly dose of our ad‑free, independent journalism