ADMS 1010 Lecture Notes - National Energy Board, Foreign Direct Investment

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Rebecca Jubis

Document Summary

Before leduc: oil demand was small, oil fields of petrolia easily met domestic needs. After leduc (found on feb 13th, 1947 by imperial oil- known as imperial. Leduc no. 1: alberta became a world-class oil and gas player, many companies entered to seek an action to acquire the oil well, imperial oil sold its stake in its south american subsidiary, international. Petroleum to finance the business: oil production growth , foreign direct investment (fdi) in canada in refining and distribution infrastructure, canadian favour supplying u. s over domestic. Foreign direct investment issue: began as the liberal government pushed for an all- canadian gas pipeline to be built by trans canada pipelines, national policy promoted fdi in oil industry. It led u. s. oil majors invested funds and took risk in canada: against fdi: canada would be an exporter of raw materials and importer of finished goods. Public urged government to response the impact on fdi.