Competition Act amendments silence Canadian businesses taking climate action

Group 1 - Cenovus Energy Inc. is a member of the Pathways Alliance and has expressed concerns regarding the Canadian government's Bill C-59, which amends the Competition Act [3][4][9] - The legislation is perceived as a threat to the ability of Canadian businesses to communicate about their climate actions, potentially leading to significant financial penalties for unsubstantiated claims [4][9][7] - As a result of Bill C-59, Cenovus has removed information related to environmental and climate performance from its communications channels, indicating a compromise in transparency [7][9] Group 2 - Cenovus Energy operates as an integrated energy company with oil and natural gas production in Canada and the Asia Pacific, as well as refining and marketing operations in Canada and the United States [10] - The company emphasizes its commitment to environmental performance and operational emissions reduction, aiming to build trust through transparency [5][10] - The amendments to the Competition Act create uncertainty for all Canadian companies regarding public communication about environmental performance [7][9]