What is a middle power with an overabundance of natural resource assets to do when the rising rival of its most crucial ally — politically, militarily, economically — comes knocking?
That rival is China; the ally, the United States of America. Canada and the Harper government appear caught in the crosshairs of a geopolitical energy struggle.
Already, U.S. lawmakers have begun to raise the alarm over China’s growing stake in Canadian oilsands development. The pending sale of Canada’s Nexen for $15.1 billion to China National Offshore Oil Corp. (CNOOC) is deeply unpopular with Canadian voters, with a majority unhappy at the prospect of a Chinese state-owned enterprise owning a controlling stake in a Canadian energy gem.