US lawmaker: No legal power to stop China-Canada oil deal
July 26, 2012 04:20
WASHINGTON - Congressman Randy Forbes, a Republican who has been wary of China's military and economic power, said he is alarmed by a bid by China's state oil company CNOOC for Canadian oil company Nexen.
But Forbes said there is not much he can do about it.
"Whatever we would do would simply be talking in the wind, because we don't have any legal authority to stop this action," Forbes told Reuters.