Focus
Nexen Inc.
Chinese SOE Snatching Foreign Energy Companies
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).
2012 Year-End Business Review
The Epoch Times takes a look back at the top Canadian business news stories in 2012.
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.
Government Extends CNOOC/Nexen Review
The Conservative government is extending its review of CNOOC’s bid to takeover the Calgary-based Nexen.
Human Rights Must Come First in CNOOC/Nexen Review: Alberta MLA
Swann said Canada’s decision on CNOOC’s proposal to take over Nexen should be based on the principles of human rights.
Group IDs 76 Employees CNOOC Persecuted for Faith
The Falun Dafa Association of Canada has identified 76 people persecuted by CNOOC and its subsidiaries for practicing Falun Gong.
CNOOC Security Arrest Falun Gong Adherents
The oil company looking to close a record-setting takeover of Calgary-based Nexen is one of China’s most abusive employers.
Industry Needs to Step Up and Invest, Says Paradis
Minister Paradis says business needs to invest in innovation while remaining tight-lipped on CNOOC-Nexen deal.
