Energy minister won’t rule out Chinese state-owned companies from buying majority stakes in Canada’s oil patch

CTV: During Carney’s trip, he signed a memorandum of understanding (MOU) with Chinese President Xi Jinping that would see Canada ramp up the amount of oil, natural gas and clean energy it exports to China, and reduce barriers to Chinese investment in those sectors.

Asked by Kapelos whether, in light of that MOU, majority stakes by Chinese state-owned companies would be a red line for the federal government, Hodgson wouldn’t directly say.

“We will calibrate our engagement with China,” he said. “We are open to additional investment in the energy sector by China. We will use the same tests we always use: ‘Is it a net benefit for Canada’?”…