Canada's main opposition party calls for the rejection of Cnooc's (CEO) planned takeover of...

|By:, SA News Editor

Canada's main opposition party calls for the rejection of Cnooc's (CEO) planned takeover of Nexen (NXY), saying the nature of the review process offers no assurances the deal would benefit Canada. The New Democratic Party lacks the power to block the deal, but an aggressive opposition campaign could have an impact; until now, the NDP has stopped short of opposing the deal outright.