A $36 billion investment would cover an LNG plant, shale fields in northeastern BC and a pipeline to connect the two.
Harper et al must consider policy on foreign investment due to growing interest from SOEs in Canada’s oil and gas sector.
University of Alberta poll suggests Chinese resources investment is acceptable, but ownership is less welcome.
Industry minister Paradis blocked acquisition after it was ruled the deal didn’t provide a net benefit to Canada.
Malaysia’s Petronas and Progress have 30 days to make changes to a proposed deal.
Petronas says acquisition would strengthen position as natural gas supplier.