Competition Act disclaimer

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Recent amendments to Canada’s Competition Act, enacted without any transition period or guidance from the Canadian government, have created significant uncertainty as to how companies may legally communicate about their environmental goals and performance, including actions to address climate change.

While Cenovus’s intent and our approach to environmental action remain unchanged, we have decided to significantly reduce how we communicate about that work at this time.

With uncertainty on how the new law will be interpreted and applied, any clarity Canada’s Competition Bureau can provide through specific guidance may help direct our communications approach in the future. We believe the current changes to the Competition Act impede our ability to be transparent with the public and have made our concerns known to the Canadian government.

We believe our industry has a key role to play in helping reduce greenhouse gas emissions while also supporting a vibrant economy and helping provide secure access to affordable energy supplies.