Asks government to disclose criteria it is using to evaluate CNOOC takeover bid.
Industry Minister says process will initially take up to 45 days.
No deadline for decision to approve or reject the Chinese state-owned company’s multibillion-dollar bid
Paradis will review CNOOC Ltd.’s application before deciding whether or not to approve the transaction.
Nexen’s original partner Opti Canada filed for court protection last summer and was acquired by ChinaNational Offshore Oil Co.
Implications could be huge for companies who fail to recognize sustainability as public environmental sensitivity demand surges