@dyckron
We have very few truly Canadian owned oil companies. The big winners in the Canadian oil industry will be the US
Most Canadians think we own a good portion of the oil sands through
Imperial Oil but here is the breakdown :
Exxon 🇺🇸 69.6%, First Eagle Investment Management LLC 🇺🇸 3.85%, Fidelity Management & Research Co. LLC 🇺🇸11.62 %, Vanguard Fiduciary Trust Co. 🇺🇸 1.378 %, Merrill Lynch International 🇺🇸 , and two other US companies, plus
👉 Canadian companies : Royal Trust Corporation of Canada 1.444%, TD Waterhouse Private Investment Counsel, Inc. Less than 1% , Fidelity Investments Canada ULC less than 0.5 %
https://ca.marketscreener.com/quote/stock/IMPERIAL-OIL-LIMITED-1410448/company-shareholders/
Other companies involved are:
Suncor is mostly US owned https://ca.marketscreener.com/quote/stock/SUNCOR-ENERGY-INC-1411810/company-shareholders/
Canadian Natural Resources Limited: Mostly US owned
https://ca.marketscreener.com/quote/stock/CANADIAN-NATURAL-RESOURCE-1409525/company-shareholders/
Devon Energy- US https://en.wikipedia.org/wiki/Devon_Energy
Chevron- US
Look up the list for yourself-
#Canada #Energy #TarSands
https://ca.marketscreener.com/quote/stock/IMPERIAL-OIL-LIMITED-1410448/company-shareholders/
AB-Ottawa MOU. One less suitor for a pipeline from #tarsands through B.C.
🛢️Enbridge CEO says: The company is unwilling to take on the financial risk of developing a new oil pipeline from Alberta to Canada’s west coast... his company has no intention of floating such a project.
https://archive.ph/K75xM#selection-2673.160-2673.217
🛢️"Enbridge has started a major pipeline expansion project to increase crude oil transportation from Canada and the U.S. Midwest to the Gulf of Mexico."
https://finance.yahoo.com/news/enbridge-pipeline-expansion-puts-gulf-151503916.html
“The companies now are at the point where they just want to start dumping the tailings ponds. It’s not OK,” https://cabinradio.ca/277841/news/health/what-are-the-risks-to-the-nwts-water-quality/
#WaterisLife #BigOil #tarsands #abpoli #cdnpoli #NWTpoli #CorporateCapture #RegulatoryCapture #EcosystemDestruction #BorealForest #environment
"#Canada’s #oil and gas industry is steadily building an #environmental time bomb." https://www.nationalobserver.com/2026/01/30/opinion/oilpatch-liabilities-oil-oilsands-syncrude-wells-cleanup-alberta
#tarsands #BigOil #ClimateCriminals #BorealForest #WaterisLife #toxic #abpoli #cdnpoli #NWTpoli
In contrast to my previous post, this author says #Venezuela #oil #wells have been #neglected for #years. However, he #agrees that there is relatively #little #demand for that #heavy #oil
(#Canada is already #supplying the need for such, with its #tarsands #mining and its enlarged #pipeline.)
https://insights.som.yale.edu/insights/oil-isnt-the-real-reason-behind-the-venezuela-operation
The oil industry is in the midst of a supply gut, producing millions of barrels per day above demand. Prices are low and major companies in the sector are contracting. According to Prof. Jeffrey Sonnenfeld, these economic facts undercut President Trump’s intimations of an oil bonanza in Venezuela.
"It would take just one spill to destroy our way of life." https://www.cbc.ca/news/canada/edmonton/first-nations-water-oilsands-9.7057845
#cdnpoli #BigOil #CorporateCapture #WaterisLife #IndigenousPeoples #Ecosystems #TarSands
#CBC provide a very good review of misconceptions and misunderstandings of the #tankerban #tanker ban off the north coast of #BritishColumbia #Alberta #OilSands #tarsands #Pipeline
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