Surely some of that will trickle down to the working class right?
Saisinko on
Privatize the profits~
AI, but I asked how many „Canadian“ oil producers are actually foreign owned.
„Canada’s biggest oil producers are largely foreign-owned, even though they’re branded as Canadian companies.
The Big Four (80% of Oil Sands Production)
– The Pathways Alliance members — Canadian Natural Resources (CNRL), Cenovus, Imperial Oil, and Suncor — collectively control 80% of oil sands output and are on average 73% foreign-owned, 60% American-owned.
Breakdown by company:
– Imperial Oil — ~70% owned by ExxonMobil (US); only ~8% Canadian-owned
– Cenovus Energy — largest shareholders are Hong Kong’s Li Ka-Shing family (~30%) plus US investment firms; heavily foreign-controlled
– Canadian Natural Resources — four of its five largest shareholders are American investment managers
– Suncor — most „Canadian“ of the four at ~41% Canadian ownership, but still majority foreign“
Gym_frere on
The single worst decision in our nation’s history was privatizing Petro-Can instead of investing in its growth, like Norway did with Equinor.
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Surely some of that will trickle down to the working class right?
Privatize the profits~
AI, but I asked how many „Canadian“ oil producers are actually foreign owned.
„Canada’s biggest oil producers are largely foreign-owned, even though they’re branded as Canadian companies.
The Big Four (80% of Oil Sands Production)
– The Pathways Alliance members — Canadian Natural Resources (CNRL), Cenovus, Imperial Oil, and Suncor — collectively control 80% of oil sands output and are on average 73% foreign-owned, 60% American-owned.
Breakdown by company:
– Imperial Oil — ~70% owned by ExxonMobil (US); only ~8% Canadian-owned
– Cenovus Energy — largest shareholders are Hong Kong’s Li Ka-Shing family (~30%) plus US investment firms; heavily foreign-controlled
– Canadian Natural Resources — four of its five largest shareholders are American investment managers
– Suncor — most „Canadian“ of the four at ~41% Canadian ownership, but still majority foreign“
The single worst decision in our nation’s history was privatizing Petro-Can instead of investing in its growth, like Norway did with Equinor.