While multinational companies have been scaling down or exiting the Canadian upstream sector, Chinese companies have furtively invested ~$4.0 billion in acquiring distressed assets since the downturn began in 2014. A new Globe and Mail investigation discovered that one of these companies, Calgary-based Shanghai Energy Corp, is backed by China’s Communist Party, which is raising fresh concerns about Canada’s pursuit of a free trade agreement with China.The revelation further impedes discussions between the two......
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