This article was last updated on April 16, 2022
Canada: 
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The Canadian government is still considering its options while the deadlines come nearer on the two proposed notorious takeovers of domestic energy companies by foreign giants, but the officials are far from offering any insight on when or how Ottawa is planning to announce their highly argued decisions.
The spokesman of the Prime Minister of Canada Stephen Harper, Andrew MacDougall, denied all the requests for shedding some light on the status of the reports of the federal government, as speculations gather that China’s CNOOC wants to sell the 7% stake that takeover target Nexen Inc holds in the large Syncrude oil sands joint venture, because fellow Chinese company Sinopec Group has a 9% stake in it. He only mentioned in his email that “the government is examining its options.”
The Conservative government has been in pursuit to balance the need of foreign investment to development the natural resources with major concerns that China, or any other countries for that matter, might get too powerful that it could snap up a big chunk of the energy sector. The conservatives are on a steep deadline of 10th Dec. for deciding on whether to allow the $15.1 billion Nexen bid.
Whereas, another such highly scrutinized major takeover deal is also pending decision from the government as by Malaysia’s Petronas puts a bid on the Progress Energy Resources Corp, amidst Ottawa’s promises to clarify its overall guidelines on foreign investment.
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