Power Corp. also controls Banque Nationale de Paris -- Paribas. BNP was, not coincidentally, the lead bank for the Oil-For-Food scam. And Power Corp. was also a major investor in Total/Fina/Elf -- the French concern which had negotiated a 25% share of Iraqi oil concessions with Saddam Hussein.
Thus, Paul Desmarais, the Canadian who controls Power Corp also controlled a.) the Canadian government, b.) the primary beneficiary of any relaxation of sanctions against Hussein, c.) the lead bank in the Oil-For-Food scandal and c.) the chief investigator of said scandal.
Indeed, it was "all about oil"...among those who resisted the Iraq war.
No War, For Oil.