Oil and Gas Policy in Canada, 1947–80
Federal and provincial governments have regulated, taxed and controlled the development of Canada’s oil industry for much of its history. Governments have been particularly active in these capacities since it became clear, in the late 1940s, that Canada could become an exporting nation. From the early 1960s to the early 1970s, the federal government increased
its role in an effort to help develop the oil industry. From 1973 until the early 1980s, the federal government also worked to end Canada’s dependence on foreign oil.