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During the last month of 2012, Christian Paradis, Canada’s minister of industry, announced on behalf of the Canadian government the approval of the $15.1 billion acquisition of Nexen Inc. by China state-owned enterprise (SOE) China National Offshore Oil Company (CNOOC).
The Epoch Times takes a look back at the top Canadian business news stories in 2012.
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.
The Conservative government is extending its review of CNOOC’s bid to takeover the Calgary-based Nexen.
Swann said Canada’s decision on CNOOC’s proposal to take over Nexen should be based on the principles of human rights.
The Falun Dafa Association of Canada has identified 76 people persecuted by CNOOC and its subsidiaries for practicing Falun Gong.
The oil company looking to close a record-setting takeover of Calgary-based Nexen is one of China’s most abusive employers.
Minister Paradis says business needs to invest in innovation while remaining tight-lipped on CNOOC-Nexen deal.
