Quite recently a Chinese energy mogul, Sinopec, bought an Albertan natural gas energy company, Daylight Energy, for 2.2 billion dollars. The company’s plan would be to ship over the resources like natural gas and oil to Asia. As Narissa said this would be the first export of energy resources to Asia from Canada. Quite frankly the government should stop this kind of sly move.  Alberta is Canada’s largest resource for such energy sources; if we let foreign countries come in and buy up all our resources so they can be shipped over to other countries what will Canada be left with?  Nothing. In this time and age businesses based around resources need to think long term, although a large payout today is enticing waiting for resource prices to increase due to demand can give the same kind of benefits without selling our countries ever so valuable resources. If this export were actually to go forward I would hope the Government would intervene and stop it to save OUR resources.

News report on the purchase