Australia wants more foreign investment. That’s why a $29 billion bid for Santos puts the Treasurer in a tricky position

By Shumi Akhtar, Associate Professor, University of Sydney

The Australian origins of Santos have made an indelible mark on the company’s very name. The energy giant was first incorporated in 1954 under the acronym for “South Australia Northern Territory Oil Search”. It was publicly listed on the Adelaide Stock Exchange that same year.

Fast forward to today, there are pressing questions about whether Santos could serve Australia’s national interest if it was largely in the hands of a foreign government.

This week, it was announced a consortium led by the investment division…

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