Canadian Energy Perspectives Developments in Energy and Power Law

Category Archives: Investment Canada Act

Subscribe to Investment Canada Act RSS Feed
Canadian Energy Perspectives

Is “Net Benefit” to Canada different for State-Owned Enterprise Investments?

Posted in Investment Canada Act, State-Owned Enterprises

Investments in Canadian businesses by foreign state-owned enterprises[1] (“SOE”) may receive greater scrutiny than investments by non-state owned enterprises.  The Canadian government has made it clear that investments by SOEs will be assessed differently than other investments under the Investment Canada Act.    For example, at the end of 2012, the Minister of Industry indicated that investments by SOEs to acquire control of a Canadian oil sands business will, going forward, only be approved on an exceptional basis[2].  This focus on SOE investors, which will likely result in more SOE investments being scrutinized under the … Continue Reading