Cnooc

Alamy/CP

CNOOC-Nexen Deal Closes

CALGARY - Chinese state-owned firm CNOOC Ltd. is now officially in control of Calgary oil and gas producer Nexen Inc. (TSX:NXY).CNOOC's $15.1 billion takeover of Nexen, first announced last July, was...
CP

Not Every Tory Was On Board

Three Conservative MPs wrote to the prime minister and the industry minister to raise concerns about the contentious takeover of Calgary-based oil and gas producer Nexen by a Chinese state-run company...
CP

2012: Winners and Losers of Canadian Politics

The jet lag has passed and the Christmas decorations (for some of us at least) are put away in storage. With 2013 stretching out before us, let's reflect on the year that was 2012 in Canadian politics. The best and worst political stories, the best and worst politicians and the biggest sellout.

The Nexen Deal Is Only the Beginning

After the Nexen deal was approved, Prime Minister Stephen Harper framed this as the "end of a trend" not the "beginning" of a buyout frenzy by more sovereign-owned enterprises (SOEs). But this is not the end. This is the beginning of the beginning. Phone calls are already being made to launch new buyouts by foreigners here.
AP

Will CNOOC Follow Through?

CALGARY - Federal Immigration and Citizenship Minister Jason Kenney is confident that China National Offshore Oil Co. will follow through with its end of the bargain after the government approved its...

Harper's Make-and-Break Attitude on Foreign Investment

The way Harper made his decision on the new foreign ownership rules is dangerous and undemocratic. Canada has legislation, the Investment Canada Act, that sets out the process and requirements for foreign purchases. Strange that the deal that prompted him to develop the policy will be immune from the policy. Can he choose to ignore his own rules the next time?
CP

Media Bites: Snuggle Up, We're in Bed with China

The big prime ministerial deed done this Friday was Harper's much-awaited blessing of the sale of the Calgary-based Nexen oil sands corporation to the cuddly commies at the China National Offshore Oil Coporation. According to some, our government is evidently making major decisions about international commerce using no coherent human logic whatsoever.