Nexen Deal
Rose: Canada's resources are not being sold down the river as you suggest, the resource is still owned by the Provinces and CNOOC will have to abide by Canadian laws and regulations. They will pay Canadian Corporate taxes and maintain jobs in Canada. This will give us a market for our oil at a world price of around 100 to 120.00 per barrel ; we will not have to depend on the U.S. who are getting our oil at a 25.00 discount. The FIPA trade agreement is a reciprocal agreement that allows Canada to purchase Chinese companies in the same way that China can purchase Canadian companies. Foreign investment is a very good thing for expansion in Canada which creates more jobs, which in turn increases personal income tax, increases EI contributions which generates more government revenues which in turn can fund many of Canada's social programs.
