The oil industry in Canada has seen a more than ninety percent drop foreign investment from last year. While those within the industry have tried their hardest to change things for the better, they simply do not have the resources.
Foreign investment is so vital to Canada’s oil industry that those within the country risk losing a large amount of their capital. Foreign investment accounts for roughly twenty five percent of the funds put into Canada’s green projects. In order to help stop the bleeding from the oil industry, Canada has been seeking assistance from the Chinese, the world’s second largest supporter of green industries. Only time will tell if Canada’s oil industry can recover from the crippling loss of its main investors. With China’s help and the support of the government though, anything is possible.
To read more on this story, visit http://www.ibtimes.com/canadas-oil-industry-may-slow-after-government-limits-foreign-investments-1413672.