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.
By December 10, The federal government is expected to make a decision on whether to approve or reject the takeover of Nexen by a Chinese state-run company. Any rearward decision-making process hinging on knee-jerk intercultural reactions, quick paydays or short-sighted goals is detrimental to our country as a whole.