Share market gains on mining shares in November, when shares of Chinese companies traded near record highs. Chinese mining companies were among the largest investors in Canada’s two largest publicly traded companies â€” CNRL and Royal Dutch Shell.
There was no shortage of Canadian companies investing overseas in mining projects that could generate profits, especially those owned by large Chinese companies.
The country’s biggest asset manager has been CNRL, with an investment portfolio of more than $9 billion.
Shell, meanwhile, and CNRL together own around $3 billion worth of Canada’s coal-mining property.
This month, Shell said it plans to open a mine in B.C. to meet demand from Chinese consumers.
CNRL declined to comment on any particular deal or share the details of its Chinese investments or plans.
China has invested more than $5 billion in the energy infrastructure of Alberta since 2013, according to Canadian data.
ExxonMobil, the world’s third-largest publicly traded energy company by market value, invested $3.1 billion in the Canadian oil sands industry in 2012, which has been the subject of high-profile Canadian government concerns.
The U.S. Energy Department is currently reviewing plans to shut down two U.S. coal-fired power plants in North Dakota due to a shortage of coal-mining fuel.
China has also been a leading investor in offshore oil and gas, notably in the Arctic. It also has big holdings in Canada’s energy sector.
A 2014 report from Bloomberg New Energy Finance found that Chinese companies invested in about $16 billion of Canadian projects.
But many analysts and international observers believe that the rapid growth of Canadian energy stocks over the past two decades is a reflection of an investment environment ripe for investment opportunities.
The Chinese Communist Party’s growing energy market is a sign that the state is willing to invest more to maintain economic growth.
But with Chinese companies struggling to grow or sustain economic growth, that doesn’t mean governments should let that happen.
“I would think there is always a risk a company can’t maintain a sustained growth level,” said Jim Toner, the former Canadian energy minister. “I’ve never seen growth to this extent in such a short period of time in terms of the economy.
“We’re seeing an abundance of capital. It was a bubble. We’re in a bubble that just popped.”
Government urged to abandon dead pokies trial
Police believe the man was driven to the dead centre by someone close to him
He died before he could be identified as he was buried alive
The coroner ordered the inquest into the death of John Mervyn Cocker, 69, who died from severe injuries after he was hit and knocked over at about 3.30am yesterday.
But the coroner has ruled that he died of injuries caused when the man was pushed from his seat and tossed from the rear of his vehicle by a person walking with a man who was behind him.
On Saturday, the body of the man, whose identity had not been released until Monday, was taken by police to the St Lawrence Medical Examiner for examination.
The inquest heard that the man, who was taken to hospital to check if there was any physical injury to his body, was then rushed to St John’s Hospital in Newgate where he died.
Mr Cocker’s body was returned to the body-collection service by the inquest into his death and his parents last night called for a halt to the investigation.
Speaking after the inquest, his father, Peter, said he believed that the investigation into the driver who allegedly drove the van to the centre was “very, very flawed”.
“I think there should be the full inquest, which should include the whole family, which would be very, very unusual, it would be a very sad case,” he told the BBC Radio 4’s Today programme.
Mr Cocker’s husband John told reporters outside the coroner’s court this evening he was still shocked by the decision, saying he had not asked for the inquiry to begin and “this was just a way of getting a verdict”.
But he said: “I am very angry with the coroner,” he said. “They got very little explanation, we got very little explanation about what happened and it will be up to the coroner now to decide, I guess, what the next step is.”
The case has also angered members of the Cocker family, with John admitting he felt the decision had been taken only for financial gain. He added: “My kids, I just want to get my body out of here, I’m just so distraught and depressed.”
Caterland police also questioned two people who came to a taxi stand behind the men at about 5am and asked for money in return for help, he said.
Det Supt Matt Williams from the St Lawrence Constabulary’s Public Nuisance Unit said: “If a man has put his hand in a car and done something stupid and a person comes and asks for money it’s a criminal offence.”