Nexen Deal

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.

How Harper's Nexen Deal Deceived Canadians

On December 7, Prime Minister Stephen Harper approved the first two complete takeovers of Canadian-owned energy firms by foreign state-owned companies in our country's history. The Prime Minister used sleight of hand to trick Canadians into thinking these were "exceptional" cases, to be repeated only cautiously in the future. He appeared to close the door to ownership of the tar sands by companies controlled by foreign governments. But he didn't close it at all. He left it wide open and signaled to China, Malaysia and other countries that Canada's strategic energy resources were entirely for sale, not just to the highest bidder but to any bidder at all.
AP

Canada's Latest Shotgun Commitment to China

This Thursday a new treaty is due to come into effect between Canada and China without debate or public discussion. It is called an Foreign Investment Promotion and Protection Agreement (FIPA) with China. his agreement will allow both countries to go to binding arbitration at an international tribunal. Under this agreement, "unreasonable" attempts to stop foreign takeovers could be brought to this very arbitration board and either mandated to be allowed or incur huge fines against Canada. Unsurprisingly, a lot of Canadians, especially in the West, don't like the sound of that
CP

On A Charm Offensive

OTTAWA - China's ambassador in Canada is on a charm offensive, appealing to the public to look favourably on Chinese investment in the oil patch.Ambassador Zhang Junsai has given two recent media inte...