Great Wall of Canadian Energy Keeps Chinese on Outside
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Canadian Prime Minister Stephen Harper said developing the world’s third-largest pool of oil reserves is as difficult as building China’s Great Wall. Chinese companies may find themselves outside looking in.
Harper announced a year ago tomorrow that Canada will keep state-owned enterprises from acquiring oil sands businesses -- one of the last and biggest steps in an overhaul of foreign-investment review rules that govern takeovers of Canadian companies together worth more than C$1.87 trillion ($1.75 trillion).