Topic: Nexen

Canada Changes Rules for Foreign Investment by State-owned Enterprises

“At the same time the government approved [the Progress Energy Resources and Nexen] acquisitions of control by Asian-based SOEs, the Prime Minister announced important changes to Canada’s policy for reviewing investments in Canada by state-owned enterprises which clearly indicate that the rules of the game for SOE investment have changed.” (Osler) Earlier this month, Canada’s… Read more »