Canada OK’s foreign energy takeovers, but slams door on any more
NEW YORK/OTTAWA (Reuters) – Canada approved China’s biggest ever foreign takeover on Friday, the $15. 1 billion bid from CNOOC Ltd for energy company Nexen Inc. , but drew a line in the sand against future buys by state-owned enterprises. In a fierce defense of a tough, new foreign investment framework, Prime Minister Stephen Harper said Canada would not deliver control of the oil sands – the world’s third largest proven reserves of crude – to a foreign government. . . .
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