The Biden administration is seeking to fund Canadian mining ventures to help accelerate President Joe Biden’s green energy push, even though multiple Canadian mining corporations are partially owned by Chinese entities.
The Canadian government announced a new policy on October 28, 2022 (the Policy) under the Investment Canada Act (ICA) governing investments by state-owned enterprises (SOEs) in Canada’s.
Chinese firms have been involved in 89 announced acquisitions and investments in Canadian metals and mining companies in the past decade, according to Bloomberg data.