Mr. Peter Julian (Burnaby—New Westminster, NDP): Mr. Speaker, an arbitrary decision made behind closed doors at midnight on Friday is no way to run an economy. Canadians deserve better than that. Canadians are asking if they are going to be as arbitrary on the CNOOC proposal to take over Nexen. Canadians
want transparency and accountability on foreign takeover applications. The
The official opposition isn't happy about being left out of a briefing
session on the Enbridge Northern Gateway Pipeline.
On Tuesday evening at Ottawa's Rideau Club, Conservative Senators and MPs are getting an update on the progress of the proposed 1,100-kilometre Alberta to B.C. crude oil pipeline currently the subject of heated public hearings into its potential environmental impact.
Mr. Peter Julian (Burnaby—New Westminster, NDP): Mr. Speaker, Canadians have good reasons for doubting the government: because it has failed Canadians every time.
Take Hamilton, for example, where U.S. Steel broke promises to employed Canadians and, when meekly challenged by the government, was able to get the
Conservatives to give way simply by making more promises. What about the broken promises of Rio Tinto, the broken promises of Vale? Time after time after time the government backs down, rolls over and does not enforce conditions.
Mr. Peter Julian (Burnaby—New Westminster, NDP): Mr. Speaker, it is not just foreign involvement in telecommunications where the government is ignoring the wisdom of Canadians.
Months after it was first proposed, Canadians are still in the dark about the
consequences of the multi-billion Nexen takeover. Now we are hearing serious
concerns from the business community, workers, environmental experts and members of the Conservative caucus, none of whom are being listened to by the
RANDALL PALMER and DAVID LJUNGGREN Reuters
OTTAWA - Canada said it needs more time to complete its review of a $15.1-billion Chinese bid to take over oil and gas explorer Nexen Inc., a deal that has raised fears about opening the Canadian energy sector to the Asian power's state-owned companies.
The government on Thursday extended its review of CNOOC Ltd.'s bid by 30 days, to Nov. 11. The decision comes amid a growing furor over alleged Chinese espionage in North America that could intensify opposition to the Nexen deal.
Duplicates: The Lethbridge Herald, Business, Page 1D; The
Chronicle Herald, C6; The Whitehorse Star, 9; Times Colonist, Victoria, Final, B6
Paradis extends review of proposed Chinese takeover of Nexen by 30 days
OTTAWA _ The federal government is extending its review period for the proposed takeover of Nexen Inc. (TSX:NXY) by China's state-owned offshore oil company.
OTTAWA – New Democrats welcome the Conservatives’ decision to extend the review period for the proposed takeover of Nexen by the state-owned CNOOC and call on the government to use this time for public consultations and to disclose the
consequences and benefits of this deal.
"There are still many unanswered questions and it’s the Conservatives’ job to respond to these questions before selling our resources to the highest bidder,� said NDP Energy & Natural Resources critic, Peter Julian. “The biggest question now is: are we going to have a genuinely transparent and complete study of the deal or is it going to be 30 more days of secrecy and political games?�
OTTAWA - A U.S. congressional panel's scathing criticism of China technology firms should give the Harper government cause to reject the proposed Chinese takeover of Alberta oil company Nexen, the opposition NDP said Tuesday.
Industry Canada could announce as early as this week the result of its review of the $15.1-billion bid by the state-owned China National Offshore Oil Co. for Calgary-based Nexen Inc. (TSX:NXY).
Bruce Cheadle, The Canadian Press
Duplicates: THE WHITEHORSE STAR, 11; RED DEER ADVOCATE, C3; THE GUARDIAN (CHARLOTTETOWN), A12; GUELPH MERCURY (FIRST), A10; WATERLOO REGION RECORD (FIRST), D8; THE DAILY NEWS (NANAIMO) (FINAL); CALGARYHERALD.COM;
A $15-billion bid by China's state-owned offshore oil company for Canada 's Nexen Inc. "raises a range of difficult policy questions," Prime
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.
Tim Harper, Toronto Star
Duplicates: HAMILTON SPECTATOR (FIRST), A19 TORONTO STAR (ONT), A8
Barack Obama last week became the first United States president in 22
years to block a Chinese takeover of an American asset, citing national security
concerns.
It was a private deal, a Chinese buyout of wind farms in northern Oregon,
too close, in the Democrat's view, to a U.S. military installation.
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.