Foreign Oil Canada

No Foreign Investments Can Tarnish Our Ethical Oil

Jamie Ellerton | Posted 11.10.2012 | Canada Business
Jamie Ellerton

In the same week that China's National Offshore Oil Company (CNOOC) applied for federal approval for its takeover of Canadian oil company, Nexen, Kuwait's state-owned company was reported to have signed a deal with Canada's Athabasca Oil Corp. That's two countries, known for poor ethics, buying a piece of the Canadian oil patch. And yet, our oil remains as ethical as ever.