Oral Questions – Foreign Investment

Elizabeth May: Mr. Speaker, my question is for the Prime Minister.

We have two looming deadlines coming up. One is the proposed takeover of Nexen by the China National Offshore Oil Corporation, and the other is to see the fine print of the deal that the Prime Minister signed with President Hu of China just this September 8, when he was in Russia.

Under such an investment deal, CNOOC may have more rights than Nexen did to challenge environmental laws.

When will we see the fine print of the investment deal and will we see it before the Nexen deal gets approved?

Hon. Christian Paradis: Mr. Speaker, as I said earlier, the proposed transaction of Nexen will be scrutinized very closely. Our job here is to ensure that it provides a net benefit for Canada. This is what we will do.

I want to reiterate that our policies will always ensure that this is good for the economy, job creation and will not hurt Canadian families, as is proposed by the other side of the House.