foreign oil dependence

Thu, 2012-05-10 15:57Brendan DeMelle
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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. 

Tue, 2011-08-30 13:52admin

Reliance on Canadian Tar Sands Threatens U.S. Energy Security

This is a guest post by Glenn Hurowitz, senior fellow at the Center for International Policy. It originally appeared on Grist.org, and is reprinted here with permission.

Everything you’ve heard about the tar sands and energy security is wrong
by Glenn Hurowitz

If there’s a single idea that the oil industry has peddled to persuade the Obama administration to approve the controversial Keystone XL tar-sands pipeline, it’s this: Tar-sands oil might be more polluting than even dirty old regular oil, but it’s better to get our energy from our ally Canada than from unstable oil suppliers in the Middle East or elsewhere.

In practice, the opposite is true: Drilling in North America is the single greatest threat to our nation’s energy security.

Mon, 2008-06-02 11:13Kevin Grandia
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The 'Carbon Belch Day' Conundrum

We have received a lot of emails asking our thoughts on the so-called “Carbon Belch Day” being pushed by a right-wing grassroots organizer named Steve Elliot and his website Grassfire.

Normally we try not to stray too far into the left vs. right side of the global warming argument, however in this case it is hard to ignore. To say Elliot is “right-wing” is an understatement - according to his bio, Elliot “has rallied citizens on a host of grassroots issues, including border security, tax reform, abortion, traditional marriage, supporting our troops, exposing media bias and defending the Pledge of Allegiance.”

 

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