Canadians protest Chinese company's acquisition of Nexen

December 10, 2012 14:51

The Canadian government on December 7 approved the acquisition of Nexen Petroleum Company by China National Offshore Oil Corporation for $15.1 billion.

However, Canadian Prime Minister Stephen Harper has said he will reject similar deals in the future, except in special cases. He declared: “CanadaIt has taken many years to de-nationalize sectors of the economy so we do not want to see our companies taken over and controlled by foreign governments.”




Opposition parties and many peopleCanadahave criticized the decision over concerns that the deal will put domestic resources at risk of falling into Chinese hands. The New Democratic Party (NDP) said Mr Harper had failed to adequately explain the impact of the deal on national interests and security.

NDP member Hélène LeBlanc told Beacon News that her party polled people across the country and the majority of respondents were against the deal. According to the NDP, more than 80,000 people sent letters and emails to parliament.Canadaoppose CNOOC's acquisition of Nexen.


According to Nguoilaodong-M

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Canadians protest Chinese company's acquisition of Nexen
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