CALGARY - Ottawa is extending a review of the proposed takeover of Progress Energy Resources Corp. by Malaysia's Petronas.
The Canadian company says the government and Petronas have agreed to extend the review under the Investment Canada Act to Oct. 19.
The deal faces the key "net benefit" test under the act.
Petronas has agreed to pay $6 billion for Calgary-based Progress - its partner in B.C. shale natural gas development.
Opposition to proposed China-backed takeover bid puts oil sands move up for
'kitchen table national debate'
GLORIA GALLOWAY AND CARRIE TAIT
The federal New Democratic Party formally disapproved of CNOOC Ltd.'s
$15.1-billion (U.S.) offer to acquire Calgary's Nexen Inc., aiming to
widen opposition to China's plan to secure a major foothold in the oil sands.
“The Conservatives failed to act in good faith and inform the public of the consequences of this takeover. We’re talking about a company that plays a key
role in a critical sector of our economy,� 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 Canada’s environmental standards will be enforced with regards to the sustainable development of its resources.
NDP has finally come out strongly against CNOOC's $15.1-billion takeover of Nexen, citing lack of transparency in the approval process, and an alarming
number of questions left unanswered by the federal government for its decision to oppose the deal.
"The Conservatives failed to act in good faith and inform the public of the consequences of this takeover. We're talking about a company that plays a
Context : Question
Mr. Peter Julian (Burnaby—New Westminster, NDP): Mr. Speaker, let us go back two years when every single Conservative MP in the House voted to make public hearings a mandatory part of the foreign investment review. It was November 16, 2010. The government has simply stopped listening to Canadians.
The minister for small business said yesterday that government has no role, quote,
Discontent over potential Nexen takeover intensifies
OTTAWA – The potential takeover of Nexen by the Chinese Company CNOOC continues to divide. New Democrats tabled a motion today calling for public consultations to properly inform Canadians, once and for all, of the impact of this transaction.
“A growing number of Canadians are opposed to the takeover. A recent survey states that half of business executives oppose the Nexen takeover if there aren’t any real advantages for the country,� said Energy and Natural Resources critic Peter Julian, who tabled the motion.
Context : Supplementary Question
Mr. Peter Julian (Burnaby—New Westminster, NDP): Mr. Speaker, it is in the best interests of Canadians to actually hold public consultations.
It is a few days away from the deadline. We are still waiting for the Conservatives to define net benefit, something they have been promising since 2010, and we have
seen the consequences of inaction on this when we have watched companies Vale Inco break their promises with impunity. Canadians deserve better than that.
That, in the opinion of the House, the government: (a) should not make a decision on the proposed takeover of Nexen by CNOOC without conducting thorough public consultations; (b) should immediately undertake transparent and accessible public hearings into the issue of foreign ownership in the Canadian energy sector with particular reference to the impact of state-owned enterprises; and (c) must respect its 2010 promise to clarify in legislation the concept of "net
Burnaby-New Westminster NDP MP Peter Julian was among those who gathered recently to raise awareness of a need for immediate telecommunications access for deaf Canadians.
Julian, who had previously served as executive director of the Western Institute for the Deaf and Hard of Hearing, spoke to the crowd in downtown Vancouver in sign language.
Speakers called for provision of a permanent video relay service (VRS) in Canada that provides services in spoken English and French, and signed languages, American Sign Language and Langue des Signes Québécoise.
Context : Debate
Mr. Peter Julian (Burnaby—New Westminster, NDP): Mr. Speaker, the NDP is pleased to rise in this House to support Bill C-383.
I would like to start by thanking all of the Canadian activists who have been pushing for years to ensure that we do not have water exports or inter-basin water
transfers. Canadians across the country have been concerned about this.
Context : Questions and Comments
Mr. Peter Julian (Burnaby—New Westminster, NDP): Mr. Speaker, I enjoyed, as I always do, the speech from the member for Hamilton Mountain. She is a very passionate advocate for ordinary Canadian families.
She pointed out that this is nothing less than a punch in the gut to seasonal workers, to families that are just trying to get by, to make sure they have
OTTAWA - Prime Minister Stephen Harper's Conservative MPs have been left seriously divided over the issue of abortion after a controversial motion was
defeated in the House of Commons Wednesday.
By a vote of 203 to 91, MPs defeated the motion by Conservative MP Stephen Woodworth instructing parliamentarians to study whether a fetus is a
human being before the moment of birth.