Article
CNOOC bid puts Nexen’s reputation in play
China’s third-largest state-owned energy company has made a controversial takeover bid to buy Nexen. As the Harper government reviews the deal...some folks...worry the $15.1-billion (U.S.) deal could unravel Nexen’s human-rights accomplishments...Randy Gossen [who] spent 21 years at Nexen...[said:] "If anything, the Chinese are so geared up now to do the right that they may even be able to achieve things above and beyond what Nexen has been able to achieve. One of the reasons for it is they got the money to do it.”...Nexen interim chief executive officer Kevin Reinhart assured investors that CNOOC would not ruin the Canadian company’s reputation. “They’ve committed to carry on Nexen’s social responsibility programs in Canada and in all of the other communities in which we operate,” he said.