Nexen Deal

The Nexen Deal Is Only the Beginning

Diane Francis | Posted 02.17.2013 | Canada Business
Diane Francis

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

Maude Barlow | Posted 02.09.2013 | Canada Business
Maude Barlow

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.

'He's Intent On Having His Cake, And Eating It Too'

CP | Heather Scoffield, The Canadian Press | Posted 02.07.2013 | Canada Business

OTTAWA - The spectre of the National Energy Program has struck again.During the five months the Harper government spent agonizing over the CNOOC takeo...

Have Evidence Of Chinese Firms Spying? 'If Not... Shut Up'

CBC | Posted 01.17.2013 | Canada Business

Beijing's representative in Ottawa says Chinese firms are not involved in foreign espionage and he challenges anyone who says otherwise to produce evi...

Not Buying Harper Government's Tactics On Nexen Deal

CP | Posted 01.03.2013 | Canada Politics

OTTAWA - The New Democrats are criticizing the Harper government for extending a review of the controversial takeover bid of oil producer Nexen. Th...

There's A Price Of Saying No To China: Experts

CP | Julian Beltrame, The Canadian Press | Posted 12.31.2012 | Canada Business

OTTAWA - Canada can expect a chilly reception and damaged relations with Beijing if the Harper government dents China's pride by refusing a $15.1-bill...

Canada's Latest Shotgun Commitment to China

Mark Crowley | Posted 12.29.2012 | Canada Politics
Mark Crowley

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

On A Charm Offensive

CP | The Canadian Press | Posted 11.23.2012 | Canada Business

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.Ambas...

CSIS Warns Of Chinese Cyber-Spies: Report

CBC | Posted 11.21.2012 | Canada Business

Canada's intelligence service is warning Canadian businesses about the growing threat of Chinese cyber-spies. Sources have told CBC News ...

Why Canada's Spy Agency Is Wary Of The Nexen Deal

CP | Jim Bronskill, The Canadian Press | Posted 11.20.2012 | Canada Business

OTTAWA - The same day shareholders of a Calgary-based energy company agreed to a takeover bid by a state firm from China, Canada's spy agency is warni...

Deal A Benefit To Canada? Prove It, Tories: NDP

CP | Stephanie Levitz, The Canadian Press | Posted 10.30.2012 | Canada Politics

OTTAWA - The New Democrats are calling on the federal government to reveal what criteria it's using to decide whether to allow a state-owned Chinese c...