Harper is not Chinese puppet

Nexen takeover is not a sell out of Canada, letter writer says

Dear editor,

One grows weary of the divisive politics espoused by letter writers such as Ms. Susanna Kaljur whose Dec. 26 letter claims Prime Minister Harper has become a Chinese puppet and sold out Canada by approving the recent China National Offshore Oil Company Nexen purchase. Such views are nonsensical and polarizing. Mr Harper would no more sell out Canada than would Mr. Mulcair of the NDP or Mr. Rae of the Liberals.

The Nexen takeover is not a sell out of Canada. A few minutes of honest research using your Google engine will confirm this assertion. It was simply the approval of a business takeover which will mean an investment in the Canadian energy sector of $15.1 billion which represents about 3% of the Alberta energy sector. Such investment is good for the Canadian economy and that fact was quickly acknowledged by the Canadian business community when stocks rose in our energy sector following the announcement.

The CNOOC Nexen takeover is not “one sided.” It provides a series of guarantees to the Canadian government on job creation, head office location and governance. I believe the government in approving Nexen was loathe to send an alternative message to the world that Canada’s business sector was risky terrain for investment, but it has updated the rules on future foreign takeovers so everyone will understand the government’s position prior to launching future takeover bids.

State-owned enterprises in particular seeking to buy large Canadian companies will face greater scrutiny about how they operate and how much control their home governments would have. Under the new rules the Nexen takeover would have faced much greater scrutiny, but the door remains open to foreign investment in our energy sector and we should welcome it.

Those who condemn foreign investment in the oil sands seem to not understand we are blessed with the third largest oil reserve on the planet and like it or not fossil fuel happens to be central to all global economies for the foreseeable future.

The profits coming from the exploitation of the oil sands significantly help to preserve our social programs, health care, educational institutions, pensions and our very way of life which without Alberta oil would be much less sustainable. We cannot have it both ways. A sustainable “greener” future is possible, but let’s get the oil to market to pay for it.

As for you misguided folks who advocate against getting the oil (“tar” in your vernacular) to market via Northern Gateway, Keystone or Transmountain pipelines, I just wish you would spend as much time condemning cities like Victoria which continue to dump tons of raw affluent into the ocean each day. It’s fascinating how that environmental travesty is never on your radar.

Win Hunter

 

Courtenay

 

 

Just Posted

The CF Snowbirds in action. (Erin Haluschak photo)
Homecoming for B.C.-raised Snowbirds pilot training in the province

Capt. Arpit Mahajan flies Snowbird 2 in his first year as a solo pilot with the team

Habitat for Humanity Vancouver Island North is accepting homeownership applications for its next build. Photo supplied
Habitat for Humanity prepares for next build in Courtenay

A forever home for some, a step forward for others

The development permit application for the back of a property at 2522 Dunsmuir Ave has now been approved by council. Record file photo
Cumberland approves secondary home permit second time around

Mayor Leslie Baird said the applicant’s additional drawings provided more info for her

This house at 1514 Trumpeter Cres. is currently for sale, with a disclaimer that the property was used for a cannabis grow operation in the past. Photo by Record staff
Drug trafficking at Courtenay residence nets over $250K forfeiture

Ruling comes from a search warrant executed in 2016 on Trumpeter Crescent home

The inaugural board meeting for the last UBID board was held online May 6. Screenshot, Zoom meeting
Union Bay board says no to ‘No’ side committee addition

Community is preparing to move its services to regional district for July

B.C. Labour Minister Harry Bains in the B.C. legislature, May 13, 2019. (Hansard TV)
VIDEO: B.C. to provide 3 days of sick pay for COVID-19 absences

Province will support employers on cost, labour minister says

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

The following is a list of restaurants offering take-out and patio dining. ADOBE STOCK IMAGE
List of Comox Valley restaurants offering take-out, patio dining options

Restaurants in the Comox Valley continue to adapt to government-imposed restrictions in… Continue reading

The only access to 5th Street bridge heading east (toward Lewis Park) is via Anderton Avenue. Photo by Terry Farrell.
Single lane alternating traffic controls on Courtenay bridge now in effect

Single lane alternating traffic on the 5th Street Bridge is now in… Continue reading

A nurse asks screening questions at an immunization appointment in Nanaimo earlier this year. (Shawn Wagar/Island Health photo)
Island Health appreciates nurses answering the call in challenging times

Health authority draws attention to National Nursing Week

BC Housing minister David Eby. (THE CANADIAN PRESS/Chad Hipolito)
Eby jabs back against Penticton mayor’s ad urging BC Premier to intervene in shelter dispute

Eby writes that Penticton’s ‘serious’ social issues won’t improve under leadership of the mayor

Provincial health officer Dr. Bonnie Henry updates B.C.’s COVID-19 situation at the B.C. legislature, April 29, 2021. (B.C. government)
B.C.’s COVID-19 rate creeps up again, 600 new cases Wednesday

One more death, 423 people in hospital with virus

B.C. Agriculture Minister Lana Popham takes questions in the B.C. legislature in 2017. (Hansard TV)
UPDATE: B.C. will fund another year of fresh fruit, vegetables, milk in schools

John Horgan government working on school meal program

Surrey RCMP is releasing sketches of a suspect in an “indecent act” at the Coyote Creek Elementary playground on April 30, 2021. Police said the suspect was clean-shaven “during some interactions” and on “other occasions had stubble outlining a goatee and mustache.” (Images: Surrey RCMP handout)

Most Read