My belief in the importance of Canadian-headquartered companies goes back to the early 1970s when, as a young engineer, I joined the Canadian subsidiary of a Nebraska-based oil and gas company. While I was treated well and given substantial responsibility, I yearned to work for a company where the decisions were made in Calgary, not Omaha.
Canadian-headquartered companies were supposed to benefit from cash grants, provided we shifted our drilling to federally owned lands. But most of those lands were in the Arctic where drilling costs were prohibitive and access to pipelines non-existent. After the Mulroney Conservatives killed the Trudeau policies in 1985, AEC got back to the job of company building. Not long after I became the company’s CEO in 1994, American takeovers of Canadian oil and gas companies began accelerating.
Employees of the two companies united in our mission of “energy for people.” When I retired four years later, Encana was our country’s largest energy company and also the largest of all Canadian companies by stock market value. My dream of building a Canada-headquartered energy company, invulnerable to takeover, had become a reality. I could never have imagined that, seventeen years later, the company would decide to export itself.
Apparently, the company's board concluded even keeping a name that implies Canadian roots repels investors
You know what? When Alberta leaves Canada, can follow them right out that door. 😘👋🚪 And keep sending postcards 🏞 cdnpoli
What is-it that you don't understand in this picture? Pollution map of the day.
It is clear the National Post loves oil and not Canada's transation into a green economy.
Remember how the Canadian media reported on Trumps 1st 100 days? Trudeau his been MIA since the election & he doesn’t even have to Transition. Companies leaving, huge layoffs, investment declining Trudeau -Surfing Media- crickets
Hopefully you've realized, our 'most economically important industry' is climate killer. Where shall we live in 100 years, if we NOW mess up our Canadian nature?