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Policy Briefing: Energy Policy Briefing

Canada needs to have flexibility to determine whether every takeover is in Canada’s best interest

CNOOC has made a long list of commitments on the future of Nexen, including giving the Calgary-based company a larger corporate responsibility for CNOOC activities in North and Central America. Without the Investment Canada requirement of ‘net benefit’ for Canada, it is unlikely that foreign bidders would feel the need to make such commitments. So the flexible requirement of ‘net benefit’ is in itself a benefit that deserves to be retained.
The Senate committee report, Now or Never: Canada Must Act Urgently To Seize Its Place in the New Energy World Order, says although moving forward with an energy strategy is divisive, it’s necessary.
Advanced biofuels will alleviate future pressure on Canadian and global food stocks, help us stabilize transport fuel prices, and be better for the environment than current alternatives. And they have the potential to revitalize resource-based communities across the country.
Nationally, despite the Prime Minister’s crowing about Canada being an ‘energy superpower,’ we are establishing ourselves as a compliant resource colony for the United States and China. 
In turning a blind eye to the changing realities of the global energy economy, the federal Conservatives are squandering Canada’s ability to cash in on a clean technology market that reached $1-trillion last year and is expected to grow to $3-trillion by 2020.
Nova Scotia has attracted a record-setting $970-million in bids from Shell with upwards of eight million barrels of oil and 120 trillion cubic feet of gas up for grabs across 11 parcels of land on the Scotian Shelf.
Natural Resources Minister Joe Oliver tells The Hill Times that the feds are taking a collaborative approach to developing Canada’s resources, just don’t call it a ‘strategy’

Electricity sector says it's ‘cautiously optimistic’ that streamlining will speed up project approvals, but assessment expert warns that litigation could leave proponents in the lurch.
Enbridge and rival TransCanada eye Eastern Canada as the next destination for Alberta crude, but Environmental Defence calls claims of domestic energy security a ‘myth.’


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