Quote:
Originally Posted by DiracSpike
Nah they knew that production of goods the world needs is more important.
I just gave you a specific example of easterners not exploiting their resources so yeah, if the oil sands were in Quebec or Ontario it would just be sitting there. The counterpoint to that isn’t Peter Pond being an easterner.
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I was talking about later examples.
The earliest recognition of oil sands was in 1719 in the york factory journal whena Cree brought a sample to Henry Kelsey. Peter Pond remarked the oil sands in 1778, Alexander mackenzie the same about a decade after. But I was not talking about these early reports.
What is more interesting with respect to this discussion is the John Macoun's 1875 reconnaissance sponsored by the geological survey of Canada. Who were paid for by the folks in the Martimes Quebec and Ontario. These were follow by reports by Robert Bell and R.G McConnell. Again, all paid for by Canadian Tax payers 30 years before Alberta was a province.
There are many other examples of "out east" interest in the development of O & G in Alberta. Perhaps the most interesting is the 1975 the federal government and Ontario government investment in the Syncrude plant (15% and 5% interest respectively). The Syncrude plant of course being one of the crown jewls of the oil sands.