There have been so many scandals in Quebec in recent years that nothing surprises us anymore. When front-page headlines announce that a Liberal minister handed out juicy contracts to generous party contributors, it seems so banal and normal we don’t even bother to read the article. But among all these presumed scandals, there’s one subject in particular that raises some serious questions: the transfer of Anticosti’s oil exploitation rights to the private sector.
Recent studies have shown that the subsoil of Anticosti Island could contain the equivalent of 30 to 40 billion barrels of oil. At more than 100 dollars a barrel, that amounts to almost 4,000 billion dollars of oil. For the sake of comparison, Quebec’s debt is “only” 250 billion. Since 1987, many geologists have noted the possibility of large oil reserves due to the island’s composition.