Curtis: Who benefits from applying the ‘net benefit test’ to the CNOCC-Nexen deal?

By: /
August 21, 2012

The net benefit test will be very difficult to apply in this case; we are in new territory. The purchaser is a state-owned enterprise (SOE) with objectives that could be multifold—-commercial, political, strategic….an assessment of net benefit will have to sort out each possibility and put it in the larger context of perception and/or reality: is Canada open or not and to what extent and under which circumstances?