CNOOC Deal a transfer of sensitive technology
So now the Chinese Communists get our most sensitive franking and deep water drilling technology.
Every day now, more revelations that the scale of the betrayal is beyond comprehension.
"CALGARY - Less than a week after Ottawa waved through CNOOC Ltd.'s $15.1-billion takeover of Nexen Inc., a different Chinese state-owned company is plowing another $2.2 billion into the Canadian oilpatch."
"These musings on bitumen's dimming prospects from a major U.S. business paper and a former deputy minister no less shed light on Harper's abrupt conversion from Chinese critic to Chinese puppet.
They also clarify why the Harper government bluntly ignored public opinion and rubber stamped the CNOOC buy-out of indebted Nexen for three times more than its actual value. CNOOC, by the way, reports to the Communist Party of China. As such the firm has little regard for transparency, human rights or offshore oil spills for that matter.
Bitumen's ailing prospects also explain the government's secretive negotiation of a one-sided investment treaty with China that could make China's highly subsidized and corrupt state owned enterprises the nation's number one foreign investors by 2017.
Harper's disregard for democratic sentiment on these issues (Canadians and Albertans in particular remain opposed to a CNOOC sell-out, let alone the trade deal) ultimately spell one word: desperation. And desperation in a bust and boom petro state, as any North African can tell you, is not a pretty thing."
That may explain why the two parties that have alternated in governing Canada for more than the past century both wanted to get rid of PetroCanada.
And their lack of commitment to Canadian ownership of our own natural resources is why both Harper and the Liberal Party's heir-apparent leader Justin Trudeau both approved of the CNOOC and takeover.
So while the rest of the world reaps the rewards of public ownership of natural resources, Canada has not only gone in the opposite direction, it's also allowing foreign companies to take over what is rightfully ours."
While the substance of the TPP is cause for concern, the more immediate issue is the lack of transparency associated with both the negotiations and Canada's participation in them.
The talks remain shrouded in secrecy, with a draft text that is confidential; public interest groups are largely banned from the venue where the negotiations are being held."