IN THE HOUSE ~ Question ~ on CNOOC's takeover of Nexen
January 30th, 2013 - 6:47pm
41st Parliament, 1st Session ~ Context : Supplementary Question
Mr. Peter Julian (Burnaby—New Westminster, NDP): Mr. Speaker, that is not balanced at all. CNOOC has no obligation to protect Canadian jobs, and even the Prime Minister admitted, this type of deal is bad for Canada. Canadians deserve better than this.
Now we find out there are three more Conservative MPs raising their concern. This deal is now undergoing extensive review in the U.S., while in Canada, Conservatives simply rubber-stamped the sell-off.
Why are Conservatives dismissing Canadians' concerns, turning a blind eye to concerns from the U.S., and even ignoring the concerns from their own caucus?
Hon. Christian Paradis (Minister of Industry and Minister of State (Agriculture), CPC): On the contrary, Mr. Speaker, we brought clarity to the rules. When we talk about foreign takeovers by state-owned enterprises, we talk about the end of a trend, not the beginning of a trend.
We have the extremes of the spectrum. The Liberals would accept each formally signed deal without any scrutiny. At the other end of the spectrum, the other extreme, the NDP would virtually block everything, even against NAFTA. They are anti-trade.
This is not responsible. We are open for foreign investment.