Why Do Some Organizations Look Globally to Ensure Their Portfolios

Question

Examlex · Accepted Answer

The Answer is In some business sectors,organizations seek to look globally in an effort to ensure that their business portfolios continually add the required resource base necessary to ensure that an adequate future supply exists to support the products and services which they offer in the marketplace.
This is particularly true of the energy and commodity-based resource industries.Specific to Canada,we have seen a significant interest,by foreign firms,in acquiring ownership of our natural and energy resource bases.
Oil-producing companies,mining companies,and other natural resource-intensive companies have all been active in making direct investments into Canada or obtaining ownership stake in our resource base via business acquisitions.
As an example,since 2000,over $52 billion has been invested in the Alberta Oil Sands project,with a significant percentage of the investment coming from foreign companies.
significant acquisitions,by foreign firms,into Canada,largely for the purpose of obtaining and controlling mineral rights,has occurred.Xstrata's purchase of Falconbridge,and CVRD's (now known as VALE)purchase of Inco are examples of a few of the energy and mining-related acquisitions which have taken place.

Why Do Some Organizations Look Globally to Ensure Their Portfolios

Essay

Correct Answer:
Verified

Why Do Some Organizations Look Globally to Ensure Their Portfolios

Essay

Correct Answer:VerifiedShow Answer

Correct Answer:
Verified