Hon. Céline Hervieux-Payette

NEXEN and a Proposal to define the opaque Net Benefit Criteria

By Hon. Céline Hervieux-Payette on October 28, 2012

The proposed buyout of Nexen Inc., a Canadian oil and gas company which has been discovering and developing energy resources in some of the world’s most significant basins – including Western Canada, the UK North Sea, offshore West Africa and the Gulf of Mexico – has been causing quite the commotion amongst politicians and the public.  Why is that?  The interested buyer happens to be wholly owned by its government – a government, it can be argued, whose values and beliefs differ greatly from our country, Canada.