Skip to content

NEWS: Barlow on Harper’s CNOOC and Petronas approvals

“It’s a Trojan Horse, they’ve closed the gate after they let the Trojan Horse into the tar sands.” – Council of Canadians chairperson Maude Barlow commenting on CTV National News on the Harper government’s so-called tough new foreign investment guidelines announced after their approval of CNOOC’s $15.1 billion takeover of Nexen and Petronas’ $6 billion purchase of Progress Energy.

Additionally, the Canadian Press reported, “The Council of Canadians criticized Friday’s decisions, partly on environmental grounds. ‘We are deeply concerned by the takeover because investment, foreign or otherwise, is the last thing we need more of in the tar sands and shale gas,’ said chairwoman Maude Barlow. ‘We need to be phasing out dirty energy, not handing over huge concessions to multinational corporations.'”

More Council of Canadians commentary can be read at http://canadians.org/blog/?p=18373.