14 Dec '12, 8pm

Advice to US: Approve A123 Systems Sale

In writing this blog, I generally try to keep my own views muted and focus instead on the latest news and what it means for the companies involved. But I'm making one of my occasional exceptions to that rule today to say that the US really should go ahead and approve the sale of bankrupt battery maker A123 Systems to a Chinese company, since this deal seems to have few if any national security implications and blocking it would send a bad signal about Washington's commitment to fair trade. Rather than bow to opponents of the deal, who appear to have their own agenda that's unrelated to national security, the US should follow the lead of Canada, which last week approved another controversial sale of energy exploration company Nexen (Toronto: NXY) to Chinese oil major CNOOC (HKEx: 883; NYSE: CEO). Approval of that sale took a lot of courage from the administration of Canadia...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2012/12...

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