Thursday, May 10, 2012

Oil Sands in Alberta: Who owns them?


More than two-thirds of all oilsands production in Canada is owned by
foreign entities, sending a majority of the industry's profits out of the
country, says a new analysis released Thursday by a British
Columbia-based conservation group.
Photograph by: MARK RALSTON , AFP/Getty Images

“More than two-thirds of all oilsands production in Canada is owned by foreign entities, sending a majority of the industry's profits out of the country, says a new analysis released Thursday by a British Columbia-based conservation group.” As reported by The Vancouver Sun. Harper is going around the world selling Oilsands. If it is not owned by Canadians then who is he selling for? Amongst others China owns 16%.

Then of course there is the deleterious environmental impact of this undertaking. This does not look very promising.

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