Mark Carney Claims Fossil Fuel Expansion Is ‘Canada Strong,’ but U.S. Investors Get the Profits

Prime Minister Mark Carney has been playing up protecting Canada’s energy sovereignty by expanding fossil fuel extraction. But who owns the oil patch? The reality is that U.S. capital controls the majority of oil and gas companies operating in Canada and that American ownership of the Canadian oil resources is increasing. Recent reporting from Oilprice.com shows that U.S. equity owns […]
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