A couple of days ago a poster brought up the idea that Bush was making nice with Canada because of the Alberta oil sands ...the same oil sands mentioned in this article!!!!! And China is going after the same.... From the current World Media Watch...
4//The Globe and Mail, Canada Friday, November 26, 2004 Page A1
http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20041126/HUSKY26/TPNational/?query=China+Husky CHINA IN TALKS TO BUY CALGARY OIL GIANT
By Jacquie McNish, Patrick Brethour
TORONTO, CALGARY -- The Chinese government is in discussions to acquire Calgary-based oil and gas giant Husky Energy Inc. from Hong Kong billionaire Li Ka-shing, in the emerging Asian power's latest move to deepen its economic ties with resource-rich countries such as Canada.
Sources familiar with the talks said representatives from the Li family and China entered negotiations for what would be a multibillion-dollar takeover several weeks ago in Beijing and Hong Kong.
China is understood to be seeking to acquire full control of Husky through one of its state-owned energy companies, but it was unclear which agency might make the bid. State-controlled PetroChina Co. Ltd. discussed a possible acquisition of Husky with the Li family two years ago, but the talks foundered on price.
(SNIP)
China has embarked on a global hunt to secure resources for its booming economy. Chinese state firms are already active in Sudan and Peru, and are scouting investment opportunities in other countries, including Ecuador, Chile, Australia and Venezuela.
Canada's oil sands have been scrutinized as well. This summer, a delegation of Chinese executives and engineers visited oil-sands firms, including Husky. Alberta Premier Ralph Klein said last month that he understood that the delegation was reviewing possible investments with Beijing.
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