“Canadian” oil firms.

The board of the main O&G lobby group, CAPP, is primarily filled by members of foreign owned corporations.

My research discovered that a little over 75 per cent of CAPP’s board members represented corporations that were fully or mainly foreign-owned. Of the 48 corporations on CAPP’s board, 30 were confirmed to be fully or majority foreign-owned, while seven more are very likely majority foreign-owned.

[…]

The 2018 Elections Modernization Act forbade foreign third parties from participating in elections and incurring expenses for activities during pre-election and election periods.[1] Third parties may not use funds for a regulated activity “if the source of funds is a foreign entity.”[2] Yet, Elections Canada left a loophole as wide as a prairie sky. According to the Act, foreign entities include “corporations outside Canada,” but not foreign-owned corporations with headquarters in Canada.[3] Most foreign-owned oil corporations list their headquarters in Calgary. Setting up shop inside Canada has long been a way for foreign corporations to pose as Canadian.

Polls suggest the investment they’re making in Canadian politics has a good chance to pay dividends, it’s not surprising they are playing wait and see.