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Petro-Canada
Petro- Canada
Canada
is a retail and wholesale marketing brand of Suncor Energy. Until 1990, it was a crown corporation of Canada
Canada
(as a state trading enterprise), headquartered at the Petro- Canada
Canada
Centre in Calgary, Alberta. In August 2009, Petro- Canada
Canada
merged with Suncor Energy, with Suncor shareholders receiving approximately 60 percent ownership of the combined company and Petro- Canada
Canada
shareholders receiving approximately 40 percent. The company retained the Suncor Energy name for the merged corporation and its upstream operations
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List Of Business Entities
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province
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Crown Corporation
A state-owned enterprise (SOE) is a business enterprise where the state has significant control through full, majority, or significant minority ownership.[1] Defining characteristics of SOEs are their distinct legal form and operation in commercial affairs and activities. While they may also have public policy objectives (e.g., a state railway company may aim to make transportation more accessible), SOEs should be differentiated from government agencies or state entities established to pursue purely nonfinancial objectives.[2]Contents1 Terminology 2 Sectors 3 Effects 4 SOEs around the world4.1 Europe 4.2 France 4.3 Middle East5 See also 6 References6.1 Citations 6.2 Sources7 Further readingTerminology[edit] The terminology around the term state-owned enterprise is murky
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Oil Reserves
Oil reserves
Oil reserves
denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price of oil.[1] Hence reserves will change with the price, unlike oil resources, which include all oil that can be technically recovered at any price. Reserves may be for a well, for a reservoir, for a field, for a nation, or for the world. Different classifications of reserves are related to their degree of certainty. The total estimated amount of oil in an oil reservoir, including both producible and non-producible oil, is called oil in place. However, because of reservoir characteristics and limitations in petroleum extraction technologies, only a fraction of this oil can be brought to the surface, and it is only this producible fraction that is considered to be reserves
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United States
Coordinates: 40°N 100°W / 40°N 100°W / 40; -100 United States
United States
of AmericaFlagGreat SealMotto:  "In God
God
We Trust"[1][fn 1]Other traditional mottos  "E pluribus unum" (Lat
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Subsidiary
A subsidiary, subsidiary company or daughter company[1][2][3] is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company.[4][5] The subsidiary can be a company, corporation, or limited liability company. In some cases it is a government or state-owned enterprise. In some cases, particularly in the music and book publishing industries, subsidiaries are referred to as imprints. In the United States railroad industry, an operating subsidiary is a company that is a subsidiary but operates with its own identity, locomotives and rolling stock
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Liberal Party Of Canada
The Liberal Party of Canada
Canada
(French: Parti libéral du Canada), colloquially known as the Grits, is the oldest federal political party in Canada
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Minority Government
A minority government, or minority cabinet or minority parliament, is a cabinet formed in a parliamentary system when a political party or coalition of parties does not have a majority of overall seats in the parliament. It is sworn into office, with or without the formal support of other parties, to enable a government to be formed. Under such a government, legislation can only be passed with the support of enough other members of the legislature to provide a majority, encouraging multi-partisanship
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Progressive Conservative Party Of Canada
The Progressive Conservative Party of Canada
Conservative Party of Canada
(French: Parti progressiste-conservateur du Canada) (PC) was a federal political party in Canada
Canada
with a centre-right stance on economic issues and, after the 1970s, a centrist stance on social issues. The party pre-dates confederation in 1867, when it accepted many conservative-leaning former members of the Liberal Party into its ranks. At confederation, the Liberal-Conservative Party
Liberal-Conservative Party
of Canada became Canada's first governing party under Sir John A. Macdonald, and for years was either the governing party of Canada
Canada
or the largest opposition party. The party changed its name to the Progressive Conservative Party of Canada
Conservative Party of Canada
upon its merger with the Progressive Party of Canada
Canada
in December 1942
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Robert Stanfield
Robert Lorne Stanfield, PC, QC (April 11, 1914 – December 16, 2003) was the 17th Premier of Nova Scotia
Premier of Nova Scotia
and leader of the federal Progressive Conservative Party of Canada. He was born into an affluent Nova Scotia
Nova Scotia
clothing manufacturing and political family in 1914. He graduated from Dalhousie University
Dalhousie University
and Harvard Law School
Harvard Law School
in the 1930s. Stanfield became the leader of the Nova Scotia
Nova Scotia
Progressive Conservative Party in 1948, and after a rebuilding period, led the party to government in 1956. As premier, he won three straight elections. His government was credited with modernizing the way the province delivered education and medical services. In 1967, he resigned as premier and became the leader of the federal Progressive Conservative Party
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Syncrude
Syncrude
Syncrude
Canada
Canada
Ltd. is one of the world's largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada. It is located just outside Fort McMurray
Fort McMurray
in the Athabasca Oil Sands, and has a nameplate capacity of 350,000 barrels per day (56,000 m3/d) of oil, equivalent to about 13% of Canada's consumption.[1] It has approximately 5.1 billion barrels (810,000,000 m3) of proven and probable reserves (11.9 billion when including contingent and prospective resources) situated on 8 leases over 3 contiguous sites.[2] Including fully realized prospective reserves, current production capacity could be sustained for well over 90 years.[3] The company is a joint venture between five partners. As a result, Syncrude
Syncrude
is not traded directly, but rather through the individual owners
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Arab
Historically: Arabian mythology (Hubal · al-Lāt · Al-‘Uzzá · Manāt · Other Goddesses) Predominantly: Islam (Sunni · Shia · Sufi · Ibadi · Alawite · Ismaili) Sizable minority: Christianity (Eastern Orthodox · Maronite · Coptic Orthodox · Greek Orthodox · Greek Catholic · Chaldean Christian) Smaller minority: Other monotheistic religions (Druze · Bahá'í Faith · Sabianism · Bábism · Mandaeism)Related ethnic groupsOther Afroasiatic-speaking peoplesa Arab
Arab
ethnicity should not be confused with non- Arab
Arab
ethnicities that are also native to the Arab
Arab
world.[30] b Not all Arabs
Arabs
are Muslims
Muslims
and not all Muslims
Muslims
are Arabs
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ARCO
Atlantic Richfield Company (ARCO) is an American oil company with operations in the United States, Indonesia, the North Sea, the South China Sea and Mexico.[1] It has more than 1,300 gas stations in the western part of the United States
United States
[2], and recently (as of 2017) 5 gas stations at northwestern Mexico[3][4]. ARCO
ARCO
was formed by the merger of East Coast–based Atlantic Refining and California-based Richfield Oil Corporation in 1966. A merger in 1969 brought in Sinclair Oil Corporation.[1] It became a subsidiary of UK-based BP plc in 2000 through its BP West Coast Products LLC (BPWCP) affiliate.[5] On August 13, 2012, it was announced[6] that Tesoro
Tesoro
would purchase ARCO
ARCO
and its refinery for $2.5 billion. However, the deal came under fire due to increasing fuel prices
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Phillips Petroleum Company
Phillips Petroleum
Petroleum
Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing and transportation, natural gas gathering and the chemicals sectors. On August 30, 2002, Conoco
Conoco
Inc. merged with Phillips Petroleum
Petroleum
to form ConocoPhillips, becoming the third largest integrated energy company and second-largest refining company in the United States. The company moved its headquarters to Houston.[1] In 2012, ConocoPhillips
ConocoPhillips
split into two separate companies
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Economic Nationalism
Economic nationalism
Economic nationalism
refers to an ideology that favors state interventionism in the economy, with policies that emphasize domestic control of the economy, labor, and capital formation, even if this requires the imposition of tariffs and other restrictions on the movement of labor, goods and capital. In many cases, economic nationalists oppose globalization or at least question the benefits of unrestricted free trade
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2004 Canadian Federal Budget
‡Surplus was used to pay down the federal debt. ‹ 2003 2005 ›The Canadian federal budget of 2004 was a budget for the Government of Canada. It was read in the Canadian House of Commons on March 23, 2004 by Finance Minister Ralph Goodale of the governing Liberal Party. It was prepared by Goodale with significant input from Prime Minister Paul Martin, who had previously served as Minister of Finance in the government of Jean Chrétien. The budget contained few surprises: most major initiatives had been announced long beforehand. These included $2 billion for health care, money for municipalities, and $1 billion to help livestock farmers harmed by the Mad Cow crisis. Government spending was set to increase at the same rate as Gross domestic product (GDP) over the next few years with any surplus going to pay down the national debt. The budget was criticized by the Conservative Party for its lack of tax cuts and its increases in spending
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