Of the 48 corporations on CAPP’s board, 30 were confirmed to be fully or majority foreign-owned, while seven more are very likely majority foreign-owned. Combined, that makes up 77 per cent of CAPP’s board.
The overwhelming majority – about 97 per cent – of the oil produced by corporations on CAPP’s board in 2018 came from fully or majority foreign-owned corporations. Majority Canadian-owned corporations were responsible for less than three per cent of all oil production by corporations on CAPP’s board.
Most of CAPP’s revenue comes from foreign-owned corporations because CAPP corporate membership fees are based on each member’s oil production. The greater the production, the higher the fees. Since 97 per cent of the oil produced by CAPP’s corporate board members comes from fully or majority foreign-owned corporations, their fees must account for about 97 per cent of CAPP’s revenue.
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Speaking of weakening Canada:
Posing as Canadian