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Canada · Economy & Business · Hard
Which 1980 federal policy created a state-owned oil company (Petro-Canada) and imposed price controls and export taxes on energy?
Answer: National Energy Programme — The National Energy Programme (NEP), introduced by Pierre Trudeau's government in 1980, sought to increase domestic ownership of the oil industry but was deeply controversial in Alberta.
- A Energy Security Act
- B Federal Petroleum Administration
- C Canadian Resource Initiative
- D National Energy Programme ✓
The National Energy Programme (NEP), introduced by Pierre Trudeau's government in 1980, sought to increase domestic ownership of the oil industry but was deeply controversial in Alberta.