Mr. Speaker, Canadians are struggling with the proposed foreign buyout of Nexen because the rules are not clear and the process is a secret black box.
After the potash controversy two years ago, the Conservatives promised better definitions and a more open procedure. They have wasted all that time and now a flood of takeovers is on the horizon.
With respect to the Nexen deal, does net benefit include some Canadian directors added to the board of CNOOC, and the board of Nexen retaining a majority of Canadian directors? Is that assured?