â€œThis is a farce. While Conservatives admit that under the new rules this transaction is not a net benefit to Canadians, they have approved it anyway,â€� said Peter Julian, NDP Natural Resources Critic.
â€œCanadians should be very apprehensive about the long-term economic and environmental consequences. In the past, these kinds of takeovers have resulted in job losses,â€� added Julian.
The sale of Nexen to Chinese state-owned CNOOC raises broad concerns and allows a foreign government to own Canadian natural resources. The majority of Canadians clearly indicated that they were opposed to the deal due to CNOOCâ€™s poor human and environmental rights record, as well as the fact that CNOOC sees itself as the foreign policy arm of the Chinese government.
In the last few weeks, more than 80,000 Canadians sent letters and e-mails to Parliament to protest against the takeover of Nexen by CNOOC. New Democrats consulted widely in Calgary and across the country and announced in October that they did not believe this takeover was in Canadaâ€™s best interest.
â€œThe NDP wants foreign investment that promotes research, sustainable development and job creation in Canada,â€� said NDP Industry Critic HÃ©lÃ¨ne LeBlanc. â€œFor years we have been pushing for a clear definition of â€œnet benefit,â€� as well as for more transparency and public consultations. The Conservatives broke their two-year-old promise to review the act and have failed Canadians.â€�
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