If China Can Have State-Owned Energy Firms, Why Can’t We?
by Bill Tieleman
Straight Goods News
“To be blunt, Canadians have not spent years reducing the ownership of sectors of the economy by our own governments, only to see them bought and controlled by foreign governments instead.”
- Prime Minister Stephen Harper, December 7, 2012
There are many good reasons that the Conservative government should have rejected the $15 billion takeover of Canada’s Nexen oil and gas giant by the China National Offshore Oil Corporation instead of accepting it last Friday.
Refusing to sell out ownership of our natural resources to a foreign company, for example, or rejecting China’s appalling human rights record and undemocratic rule by dictatorship or just because the benefits to Canada are not sufficient.
But for Harper to allow the deal to go ahead while bitterly complaining that it won’t happen again because CNOOC is “state-owned” is not a good reason — it is an indication of his libertarian free-market at all costs ideology. MORE