Industry committee  You are right that there has been a major flight of IOCs from the oil sands. Over the last five years, we've seen about $30 billion to $50 billion from major international oil companies pulling out of the oil sands, companies like Statoil, Total, etc. We've also seen major invest

Industry committee  Madam Chair, thank you very much for having me here today. I've been asked to speak briefly on the results of our investigative study of ownership and financial benefits from the oil sands. I will say a quick word on methodology. This report is based on data from Statistics Can

Industry committee  Yes. Do I have 30 seconds just to summarize the findings?

Industry committee  I'll go right to the summary, then. We found that 70% of oil sands production is owned by foreign companies. Foreign-controlled operational profit in the oil and gas sector doubled between 2012 and 2016. That's 3.5 times the economy-wide average. Even for the big five oil sands