The government watchdog group Judicial Watch is suing the Treasury Department for records pertaining to the department’s decision to grant a Chinese government-backed company access to oil deposits in the Gulf of Mexico, a move that will benefit Obama donors.
The Chinese National Offshore Oil Corporation (CNOOC) reached a “definitive agreement” with Nexen, Inc. to buy all of the company’s outstanding public shares, Chinese government access to millions of barrels of Keystone XL and Gulf reserve oil. The Obama Treasury Department’s Committee on Foreign Investment in the United States had to approve the takeover, which it did on Feb. 12.
Judicial Watch noted that several prominent fundraisers and donors to President Barack Obama’s 2012 campaign stood to make a windfall profit from the Chinese corporation’s expansion. ...More HERE