China’s insatiable thirst for oil is a boon to Canada’s capital-intensive oil sands, but the communist regime’s control over investments in Alberta has some watchers spooked.
With its US$15 billion bid for Nexen Inc., the China National Offshore Oil Company (CNOOC) is turning heads, raising questions about long-term impacts if the authoritarian regime plays a significant role in Canada’s national economy.
At least one security expert is concerned the deal will worsen a pattern of senior government officials who retire from their posts to work for the Chinese regime or business lobby.
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