Canada Quietly Opens the Door to Chinese State Ownership of Energy Assets
For years, Canada maintained a clear policy position: foreign state-owned enterprises would face strict limits when seeking control of strategic energy assets. That line was reinforced after the 2012 Nexen takeover and strengthened under amendments to the Investment Canada Act in 2022.This week, that clarity began to fade.In a nationally televised interview, Canada’s Minister of Energy and Natural Resources declined to rule out majority ownership of Canadian oil and gas assets by Chinese state-owned companies — a position that contrasts sharply with earlier government commitments and warnings…
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