PRESS DIGEST-Canada-Nov 28
Nov 28 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
THE GLOBE AND MAIL
* New rules aimed at protecting the environment will drive up the price of new cars and trucks by thousands of dollars but save motorists money at the pump. Environment Minister Peter Kent said on Tuesday that Ottawa will match a proposal from the U.S. Environmental Protection Agency to require that, by 2025, cars and light trucks be 50 percent more fuel efficient and emit half as much greenhouse gases as current models. ()
* Kathleen Wynne says bureaucrats in her office were in the process of making changes to Ontario's conflict of interest rules governing municipalities before she resigned as Ontario's minister of municipal affairs and housing to jump into the provincial Liberal leadership race. ()
Reports in the business section:
* CNOOC Ltd is facing new delays in its effort to close its proposed C$15.1 billion ($15.19 billion) acquisition of Calgary-based Nexen Inc, after a deadline for U.S. approval of the transfer of Nexen's Gulf of Mexico assets expired without a decision. To complete its proposed takeover, the Chinese state-owned company needs the approval by the Committee on Foreign Investment in the United States -- an inter-agency group led by the Treasury Department that must determine whether a proposed deal represents a threat to U.S. security. () Continued...