Harper Approves CNOOC Takeover of Nexen, Voices Discomfort With SOEs

PM Stephen Harper approved China-based CNOOC’s takeover of Nexen Inc. but said Canada does not want foreign SOEs buying up the oil sands sector.
Save
Harper Approves CNOOC Takeover of Nexen, Voices Discomfort With SOEs
A screenshot from CBC News, taken on Dec. 7, 2012, shows Canadian Prime Minister Stephen Harper announcing that the government would allow Chinese state-owned CNOOC to take over Calgary-based Nexen Inc., while signalling Canada’s disapproval of increased takeovers by foreign state-owned enterprises in Canada's oil sands. (Screenshot/CBC News)
Matthew Little
12/7/2012
Updated:
10/1/2015
<a><img class="size-medium wp-image-1773694" src="https://www.theepochtimes.com/assets/uploads/2015/09/Screenshot-2012-12-07-at-7.12.26PM.png" alt="A screenshot from CBC News, taken on Dec. 7, 2012, shows Canadian Prime Minister Stephen Harper announcing that the government would allow Chinese state-owned CNOOC to take over Calgary-based Nexen Inc., while signalling Canada's disapproval of increased takeovers by foreign state-owned enterprises in Canada's oil sands. (Screenshot/CBC News)" width="350" height="261"/></a>
A screenshot from CBC News, taken on Dec. 7, 2012, shows Canadian Prime Minister Stephen Harper announcing that the government would allow Chinese state-owned CNOOC to take over Calgary-based Nexen Inc., while signalling Canada's disapproval of increased takeovers by foreign state-owned enterprises in Canada's oil sands. (Screenshot/CBC News)