News Analysis
Ottawa has set its sights on deepening ties with Beijing, including on energy cooperation, but to what extent will this occur and what implications will it have for Canada’s oil sector?
For now, the federal minister in charge of the file won’t say whether this could mean relaxing the rules governing Chinese state ownership of strategic sectors of Canada’s economy.
This could signal a departure from the Harper years, when the government approved a high-stakes takeover of a major oil sands company by a Chinese state-owned enterprise, then significantly changed security review rules to make similar acquisitions much more difficult in the future….