| The Committee on Foreign Investment in the United States (CFIUS) must block acquisitions, takeovers, or mergers involving Huawei and ZTE given the threat to US national security interests. Legislative proposals seeking to expand CFIUS to include purchasing agreements should receive thorough consideration by relevant Congressional committees ...
Based on available classified and unclassified information, Huawei and ZTE cannot be trusted to be free of foreign state influence and thus pose a security threat to the United States and to our systems.
|Overall, two in three Canadians surveyed (69%) said that the federal government should reject the deal while 8% said the government should approve the deal. 23% were unsure of what the government should do.|
|The survey found that awareness of the deal increased only marginally from 43% in August to 47% this month. Awareness was highest in Alberta (63%), among Canadians aged 60 and over (59%), and among market watchers or those who said they follow the stock market very or somewhat closely (71% and 72% aware).|
|The public in Canada, whether or not they are educated about the deal, is very much against the acquisition. The government will need to convince the masses this is the right thing for the country to do.|
|Nexen ... does not possess the technical capabilities that CNOOC needs to operate in the deep waters of the South China Sea. The Canadian firm is a newcomer to deep-water exploration and production. It does not own any drilling rigs and relies on outside contractors to perform most of the technical work involved in exploring and developing its acreage in the Gulf of Mexico contractors that CNOOC could legally hire anytime it wants. In any case, the geological differences between the Gulf of Mexico and the South China Sea limit the portability of US-gained expertise.|
Whether real or imagined, CNOOCs bid for Nexen has manifested itself into a security concern for the US and Canada. The Canadian government has extended its review of the proposed deal by 30 days, which means November 9 is the next deadline for a government decision. Under Canadas takeover law, transactions must have a domestic net benefit to win approval.