Monday, May 09, 2016
Panama Papers - Familiar Names, to Athabasca
They're almost household names in Canada - Enbridge, Husky, Encana - and there's some lesser known outfits such as Alberta Oil Sands Inc. and Great Harvest Oil Sands Investment Company. What they have in common is that they're all listed in the Panama Papers.
The bad news is that their Panamanian investment deals are private, none of our business. The good news is that they're so dependent on the public teat, regulatory cooperation and such that it becomes our business, the federal government's business, Junior Justin's business.
Who knows? This could be the start of something beautiful.
According to the National Observer, it's all a case of mistaken identity. Enbridge isn't that Enbridge, Husky isn't that Husky, Encana isn't that Encana. Alberta Oilsands Inc. isn't that Alberta Oilsands Inc. either. It's all a matter of mistaken identity or identity theft or something. How do we know? Because the companies said so. I guess that's good enough for me.