The federal Industry Minister is defending the government’s decision to allow Canada’s Neo Lithium Corp.without a formal national security review, saying the process was rigorous.
That’s when the government updated the Investment Canada Act to specify that all acquisitions made by state-owned firms must merit closer attention. The government also in March added that it would scrutinize deals through the lens of whether they threatened Canada’s supply chain of critical minerals.
No such review transpired with Neo Lithium. In fact, despite the added checklist from the March guidelines, the dislocation of a federal election in the fall that left Parliament suspended until late November, and the worsening COVID-19 pandemic, the government gave the Neo Lithium deal the nod 45 days after it was announced. It was the fastest possible timeline for approval.
When asked if the federal government has taken too light an approach with Zijin as it accumulates Canadian mining assets. Mr. Champagne said the acquisitions are assessed case by case, and that the process is rigorous.
Canada is giving away its critical resources. Not allowing this sale was a no-brainer. It is difficult to believe the level of incompetence of the Liberals and Dithering Trudeau.
Liberals are idiots
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