Federal Industry Minister defends lack of formal security review on state-owned Chinese acquisition of Neo Lithium

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 92%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Industry Minister says Neo Lithium decision was ‘absolutely reviewed to make sure there was no security risk’

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

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

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Alexander__Jeni Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 5. in RU

Россия Последние новости, Россия Последние новости