Nexen Takeover

Original Air Date: Thursday, October 18, 2012

The Federal Government needs another 30 days to decide whether to allow the proposed buyout of Calgary-based Nexen Inc. by the Chinese National Offshore Oil Corporation, CNOOC, for 15 billion dollars. 

Opponents of the deal cite concerns over labour standards and national security along with worries about foreign ownership of resources.  Economists say if Canada hopes to build economic ties internationally, then we can’t be too picky about foreign investment.
Should Canadians be concerned about foreign ownership of our resources? Should the Nexen takeover be approved? If so, what conditions should be placed on it?

To discuss the ramifications of the takeover bid
Emilson Silva, Professor, Campus Alberta Innovates Program Chair and Academic Director of the Centre for Applied Business Research in Energy and the Environment University of Alberta; Elizabeth Smythe, Professor of Political Science at Concordia University College of Alberta specializing in international relations and comparative politics; and former Edmonton MP And Asia Pacific Secretary of State David Kilgour , now a Fellow At Queen's University Centre for the Study of Democracy, and Director of the Council for A Community of Democracies