Future Of Fdi During The Oil And Gas Sector Essay

In the era of globalization, international trade and international investments are expanding at exponential rates. Almost all developed countries are involved in Foreign Direct Investment processes, both in the form of outward and inward FDI. Among those developed countries there is the case of Japan that is different; Japanese attitude towards FDI has always been, in fact, very cautious. One one hand, Japanese outward foreign investment and exports have played a fundamental role in the postwar period of economic rise; on the other hand, the accesses to the domestic market by foreign investors, the so called Inward FDI, has been very limited. (Paprzycki, Fukao, 2008).

Today corporate profitability outweighs any environmental consequences and certainly takes precedence over implications to future generations. Canadas situation can be accurately surmised in a quote from Alanis Obomsawin, an Abenaki from the Odanak reserve, located northeast of Montreal and is quoted as saying:

The Athabasca Delta is a breeding ground for species of birds, which was destroyed to clear the land for oil development. These development practices are a leading factor towards increases in pollution. A scientific panel stated on Tuesday that pollution must be corrected, as there are major debates against the oil sands development. Proponents argue that business through the Oil Sands has made Canada a major player in foreign supplement. Unemployment rates have decreased across Canada and companies generate huge profits. The Alberta Oil Sands provide Canada with a secure source of energy. Throughout the world, Canadian oil reserves are the second largest in the world. Oil mining operations in Canada also help create more trading partnerships with different countries. This is a great way Canada can strengthen relationships and ties with various nation-states. The Oil Sands is a stabilizing force for Canada’s economy, yet it has a tremendous effect on the environment. Corporations are held responsible for their actions, and environmental protection should be their main concern. The procedures that the Oil Sands has taken are not effective, to an extent, where the pace of investment and development in the oil sands

Diverse and multi-faceted, the Canadian business market is one of the strongest functioning mixed market economies in the world. Within the Canadian economy, the oil and gas sector stands as one of the largest and most influential sectors. The oil and gas industry is unique as it affects almost every person and sector of the economy worldwide, whether it is through commodity or material input costs. In Canada, this growing industry could allow for the country to be the one of the “biggest energy producers in the world” leading to a massive paradigm shift globally.

For the last two decades, the increased use of fossil energy caused the environmental problems. The evidence of global warming, like drying rivers, extinction of species, melting of glaciers, became more often around the planet. The climate change became a threat to healthy environment and prosperity of humanity and wildlife, and the world community started searching for solution to combat climate change. In 2008 British Columbia introduced carbon tax on greenhouse gas (GHG) emissions to reduce global warming. Starting from $10 per tonne of CO2, the price was increasing annually till it reached $30 per tonne in 2012. During that period British Columbia was reducing harmful emissions and improving economy comparing to the rest of Canada. However, since the price rise on carbon stopped in 2012, no improving changes in cutting emissions, economy, and overall quality of life have been noticed. In this essay I will persuade that British Columbia should continue gradually increase price on carbon tax to the level where it will significantly cut the use of dirty energy, provide enough investments into the green projects, and support low-income families.

Modern day Canada is posed with the current issues of energy and the environment becoming increasingly important within the public and political sectors. The impetus has come from a variety of factors such as the collective development of nonconventional resources, the environmental concern of Canadians, and the demand for renewable energy sources. Many premiers have since called for a ‘national energy strategy’ however the governments tendency to avoid national approaches to energy allows no progression to be made. This has become largely apparent in the current debates over Alberta’s bitumen deposits. The Alberta government has advocated for a ‘national energy strategy’ led by Ottawa placing their political emphasis on the need for Canada to achieve a vision of environmental supremacy. This paper seeks to investigate the clashes of interprovincial trade and commerce powers with the provinces natural resource power debates over Alberta’s bitumen deposits in conjunction with the general Canadians feeling of a lack of democracy.

Over the years the Canadian government continuously tries to create multiple ways to help progress the economy. Currently the government is doing a poor job improving the economy, however, it has potential to positively develop in the future. The Canadian government is negatively influencing the economy due to the decrease in value of the Canadian dollar, lack of regulation on policies, and the current position of the business cycle in Canada. However, the Canadian government demonstrates potential improvements in the economy through the creation of job opportunities and decrease in governmental expenditure methods.

What impact will the prospect of deprivatization have on investment by managers of privatized firms?

Canada, with an increasing population, vehicles, government budget, and GDP shows a high standard of living. With a high standard of living, water, environment and food are of good quality. However, this does not mean it will not damage the environment. With the cost of a high standard of living, Canada seems to be damaging the environment for other costs. Conversely, a high GDP illustrates a the emergence of environmental science or technology reducing environmental problems in the near future.. Following the data based throughout several provinces, Canada contains a growing GDP, and an increasing environmental budget that helps the environment, which illustrates a prosperous economy that is investing into the environment. The growing amount

The role of Crown corporations in a capitalist economy can be likened to that of the concept of state capitalism. State capitalism is defined as the widespread influence of the government in the economy, by owning majority or minority positions in companies or through the provision of subsidized credit and or privileges to private companies (Musacchio & Lazzarini, 2012, p.3-4). Canada’s use of state capitalism has been instrumental in addressing the geography obstacles and the giant in the south (the U.S.) through the implementation of various Crown corporations. Making state intervention in the economy a norm and sometimes and expectation of the government. This continuity and acceptability Canadians have for state intervention, distinguish

With a population of over 30 million Canada is one of the world’s largest and strongest economies. Canada has a highly educated skilled labor force and a reputation as a successful trading nation. In the past 20 years Canada’s Economy has only had a negative outcome twice. Canada is known as a mixed economy, and it is one of the suppliers of the agricultural products in the world. The economy is open to global commerce and supported by a high degree of regulatory efficiency. Trade is important to Canada’s economy, the value of exports and imports taken together equals 65 percent of Gross Domestic Product. Free trade is embraced in Canada because both business and consumers get great exposure to economic and social prosperity. In Canada there are 3 levels of government, each level has different responsibilities. Federal Government is responsible for things that affect the whole country,

Despites the political regionalism, most of the Canadian people still benefit from Canadian political culture, because it brought Canadian people a stable society, economy, education, and health care system. However, some of the people such as businessmen or institutions could bear a large burden. According to the NAFTA, for example, if the Canadian government gives U.S. companies rights to buy water from the Great Lakes, then the government will not able to stop those companies from purchasing as much as water from the Great Lakes when they want, which could hurt Canada’s environment and cultural institutions.

Politicians need to be advocates to inform the general public. Once support is gathered, Canada needs to develop sustainable policies like a Free-trade Agreement. The CIIP (Canadian International Innovation Program) and FIPA (Foreign Investment Promotion and Protection Agreement) already exist to

Then proceed with an analysis of the functions of crown corporations in practice. Followed by examples of Crown corporations in Canada, with emphasis of those at the federal level. Then an analysis of impact of Crown corporations as a function of state capitalism. Leading to the topic of privatization of Crown corporations and whether or not it is beneficial for the Canadian economy. Ending with a summary and conclusion of the contents of this paper.

Definition: An investment made by a company or entity based in one country, into a company or entity based in another country.