“The Conservatives failed to act in good faith and inform the public of the consequences of this takeover. We’re talking about a company that plays a key
role in a critical sector of our economy,� said Natural Resources critic Peter Julian.
Announced in July, this $15.1 billion transaction raises many questions, including whether or not CNOOC will protect jobs and keep the head office in Canada. It is also unclear how Canada’s environmental standards will be enforced with regards to the sustainable development of its resources.