â€œThe Conservatives failed to act in good faith and inform the public of the consequences of this takeover. Weâ€™re talking about a company that plays a key
role in a critical sector of our economy,â€� said Natural Resources critic Peter Julian.
Announced in July, this $15.1 billion transaction raises many questions, including whether or not CNOOC will protect jobs and keep the head office in Canada. It is also unclear how Canadaâ€™s environmental standards will be enforced with regards to the sustainable development of its resources.