July 28, 2012

Oil Ironies for Canada's Harper

Jeffrey Simpson, Globe and Mail

AP Photo

Those who have discussed the issue with him report that Prime Minister Stephen Harper has been worried a state-owned company, likely from China, would take a run at a major Canadian energy producer. Now that the massive China National Offshore Oil Corp. (CNOOC Ltd.) has bid $15.1-billion for Nexen Inc., it’s easy to understand the Prime Minister’s uneasiness. His initial statements were properly guarded, as befits the complexity of the file and his own apparent hesitations.

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TAGGED: Stephen Harper, oil, Canada

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