FIPA and CNOOC’s takeover of Nexen Compromise Canadian Sovereignty: Mulcair

During his working visit to Washington, D.C. this week, Canada’s Federal Opposition leader Tom Mulcair, warned Americans about “Chinese intrusion into the North American energy market”. And about the security risks Canada potentially faces after the Harper Government authorized the purchase of Canada’s Nexen oil company by CNOOC, a state-owned Chinese company.

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Taken together, FIPA and CNOOC’s takeover of Nexen effectively limit the ability of Canadian governments to independently control our own natural resource policy, while ceding enormous control over our resources to a foreign power.”

Mulcair also accused the Harper government of “negotiating a secret treaty with China that will give that country unfettered access to Canadian oil and gas reserves.”