Ottawa is making a pivot away from Chinese investors, which have spent years amassing positions in Canadian mining companies. Read more.
. Changes would give his ministry advance notice of some foreign investments, the ability to share information about investors with allies, more time to review transactions and the ability to penalize companies that do not comply with the act.Article contentin discussing the legislation, but described it as a response to recent geopolitical shifts, saying Canada needs to be “more vigilant” about protecting its national security.
Minister of Natural Resources Jonathan Wilkinson speaks at a n event at the Fairmont Palliser in Calgary.“Geopolitical dynamics and skyrocketing demand have strained value chains, which are essential to the global energy transition,” Natural Resources Minister Jonathan Wilkinson wrote in the intro.
“We will act decisively when investments threaten our national security and our critical minerals supply chains, both at home and abroad,” he said in a statement on Nov. 2.Article contentMeanwhile, Turenne said that earlier this year, Natural Resources Canada connected him with representatives from the U.S. Department of Defense, which he hopes may provide funding to advance his company’s nickel project.
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