Canada Oil China

China's Big, Bad, "Foreign Takeover" of Nexen Is a Myth

Daniel D. Veniez | Posted 11.26.2012 | Canada Business
Daniel D. Veniez

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.

China Wants Our Oil

CP | Mike Blanchfield, The Canadian Press | Posted 03.24.2012 | Canada Politics

OTTAWA - China wants to forge a "win-win" energy partnership with Canada that would set an example for the world, while also satisfying its "huge" dem...