When it comes to foreign governments and domestic assets that have a strategic sensitivity, Canada needs to be clear and consistent about its investment boundaries with other countries. This is particularly true when the investment has a national security component.
There is no clearer example of the need for urgent action on this front than the pending $1.45 billion sale of construction giant Aecon to China’s state-owned construction giant, CCCI. Even if you don’t know Aecon by name, you almost certainly have used an Aecon-built road, bridge, airport or power plant. Aecon built the CN Tower, Vancouver’s SkyTrain and the Halifax Shipyards.
"China’s track record in Canada is abysmal and includes a request to the Supreme Court of Canada, by a Chinese engineering giant a handful of years ago, to exempt it from our laws after it breached safety violations and ignored our courts following workers’ deaths. The Court refused to hear the case. Fines were never paid.”
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