Quote:
Originally Posted by Baraka_Guru
This is nowhere near the first foreign investment in the Oil Sands (an area that is a comparatively expensive venture).
What is the foreign investment situation like in the U.S. oil industry?
The situation in Canada (at large) is that we often lack adequate domestic capital, so in many ways foreign investment is welcome (bearing in mind that there are rules and regulations on foreign ownership of natural resource companies). Also, Canada tends to be a preferred place for this kind of thing, especially when it comes to natural resources: stable government, stable population, stable economy, many resources to be had.
But don't think for a moment that the projects in the Oil Sands aren't without their challenges (outside of the cost/margin issues). They face the risk of regulations related to emissions and environmental protectionism.
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I don't dispute any of your points. I think the deal is a benefit to Canada, I would have preferred a Canadian/US partnership.
I also wonder if "environmentalist" (not suggesting Canada won't do what is right) ever think that it is better to have US companies involved in these projects rather than China companies. At least "environmentalist" can have some influence over US companies, they have zero influence over China companies.
I also wonder if those who hate corporate profits think it better that China companies make profits to benefit the China economy and government rather than US companies make those profits?
I don't get it.