Schumer Plays Hardball on Cnooc
Wall Street Journal -
By KEITH JOHNSON WASHINGTON—Sen. Charles Schumer said he would ask
Treasury Secretary Timothy Geithner to use Cnooc Ltd.'s proposed $15
billion purchase of Canadian energy firm Nexen Inc. as leverage to pry
open the Chinese market for US companies.
Republicans say China oil deal highlights US inaction
Reuters UK -
* Senators propose more drilling, pipeline approval * Concerned about
CNOOC-Nexen deal * Stop short of saying US government should block it
(Adds Pelosi spokesman calling for a review) By Roberta Rampton
WASHINGTON, July 26 (Reuters) - China's plan to ...
On CNOOC-Nexen, Prentice Sees It Differently
Wall Street Journal (blog) -
By Paul Vieira CNOOC Ltd.'s plans to buy Calgary's Nexen Inc. for $15.1
billion got another endorsement on Thursday, this time from Jim
Prentice – a former Canadian industry minister in Prime Minister Stephen
Harper's Conservative government who in ...
A Chinese oil firm in Canada
The Economist -
WHEN Barack Obama put on hold plans for an oil pipeline from Canada to
the United States, Canada's prime minister said perhaps it was time to
turn to Asia. This week further evidence emerged that if America isn't
interested in Canada's mucky tar sands, ...
Thumbs down
Calgary Herald -
Re: "Dealing with China," Editorial, July 25. Nexen's takeover by the
Chinese government runs counter to free enterprise and should be vetoed.
CNOOC is 100 per cent owned by the Chinese government, making it an
instrument of foreign policy for Beijing.
Ethical oil flows both ways
Edmonton Journal -
Re: "Nexen backs Chinese takeover bid; $15-billion deal will see
Calgary established as CNOOC hub," the Journal, July 24. The Harper
government has proclaimed development of Canadian resources should be
balanced with human rights.
Nexen sale is good for Canada
Vancouver Sun -
To listen to critics of the sale of Nexen to the state-run China
National Offshore Oil Co. (CNOOC), a Communist oppressor will be coming
to Alberta with slave labour to extract oil as it prepares for war with
the West.
China in the oil patch, should we 'fear the dragon'?
CBC.ca -
During his visit to China in February, Prime Minister Stephen Harper
had two things on his mind: pandas and oil. For Canada, the trip was a
success. Harper had his picture taken with two of China's cutest
inhabitants, and told China's leaders often and ...
CNOOC gets hand on Brent pricing levers
Asia Times Online -
By Robert M Cutler MONTREAL - The US$15 billion purchase by China-based
offshore oil and gas producer CNOOC of Calgary-based Nexen Inc,
Canada's sixth-largest independent oil explorer and producer, marks the
biggest foreign acquisition ever by a ...
Former Australian PM sees role for Canada in world tilting toward China
Globe and Mail -
Kevin Rudd, the former prime minister of Australia, dreams of what he
calls the Pax Pacifica, a 21st century in which the world peacefully
accommodates both a rising China and a declining America within the
embrace of once-Western but now universal ...
Jim Prentice
Globe and Mail -
A few months ago, The Economist magazine opined that the defining
battle of the 21st century would not be between capitalism and
socialism, but between different versions of capitalism – market
capitalism on the one hand and state-owned enterprises ...
Nexen deal: The only standard is reciprocity
Globe and Mail -
The CNOOC takeover bid for Nexen demonstrates once again that while a
given government policy tool may have a bright, sunny face, it often
simultaneously casts a dark, problematic shadow. The Canadian policy
tool that will be used to determine whether ...
CNOOC, Shell to explore S China Sea oil blocks
China Daily -
BEIJING -- China National Offshore Oil Corporation, the country's
largest offshore oil producer, on Wednesday signed two
production-sharing contracts with Royal Dutch Shell PLC to explore a
pair of offshore oil blocks in the South China Sea.
CSIS said to be probing financial links between First Nations, China
National Post -
CALGARY — Canadian intelligence services appear to have probed
financial links between First Nations groups and Chinese companies as
scrutiny continues to mount on China's interest in this country's
natural resources sector.
US lawmaker: No legal power to stop China-Canada oil deal
Jerusalem Post -
By REUTERS WASHINGTON - Congressman Randy Forbes, a Republican who has
been wary of China's military and economic power, said he is alarmed by a
bid by China's state oil company CNOOC for Canadian oil company Nexen.
But Forbes said there is not much he ...
Nexen bid shows China can learn
Financial Post -
Experts, pundits and netizens have all weighed in on the pros and cons
of CNOOC's proposed US$15.1-billion purchase of Nexen, including various
analyses of China's intentions and the implications for Canada's future
relations with China.
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