Canadian MPs criticize China's offer for Nexen

Some members of Parliament are calling China's offer to buy Nexen Inc. a bad deal for Canada.

The China National Offshore Oil Co. (CNOOC) has offered $15 billion for the Calgary-based energy company. That offer is currently under review by the federal government.

Green Party Leader Elizabeth May raised her concerns Tuesday about the deal. “When is someone going to talk about national security? We’re talking not about a commercial venture.  We’re not talking about a private sector operation coming from China. We’re talking about a state-owned operation of communist China,” she said.

Note EU-Digest: It's not only Canada which has been selling corporations which are important to the long term national security and economic well being. Solar energy, Wind-power energy, Communications, Space exploration and the list goes on and on. It is basically a situation which has gone completely out of control because of  greed and government's mismanagement of sensitive national security issues in relation to the Peoples Republic of China.

Read more: MPs criticize China's offer for Nexen - Business - CBC News