China's Big, Bad, "Foreign Takeover" of Nexen Is a Myth
Daniel D. Veniez
|
Posted 11.26.2012
|
Canada Business
Read More:
China Oil Nexen,
Oil Nexen,
Nexen Oil,
China Nexen,
Nexen China Oil,
Canada Oil China,
Takover China Nexen,
Canada Nexen,
Nexen China,
Nexen China Takeover,
China Canada Oil,
Nexen Canada,
Canada Business News
There might be perfectly legitimate reasons why Ottawa may decide to block the proposed acquisition of Nexen Inc. of Calgary by CNOOC Limited, the state owned energy giant from China. But the notion that "foreigners are taking over Canada's natural resources" is not one of them. That argument is factually and demonstrably false. Our governments own the vast majority of these natural resources. That isn't about to change any time soon. Canadians should be aware that there is no risk whatsoever that we would lose ownership or control of them.
