US EditionGroup files greenwashing complaint with securities watchdog against Enbridge, Cenovus
- A shareholder advocacy group, Investors for Paris Compliance, has filed a greenwashing complaint with Alberta's securities watchdog against Enbridge Inc. and Cenovus Inc. for misleading investors about their environmental disclosures.
- The group claims that Cenovus and Enbridge breached the Alberta Securities Act with inaccurate and incomplete disclosure regarding their climate commitments.
- Investors for Paris Compliance states that the companies led investors to believe their business models align with the net-zero energy transition, which could threaten their business and fossil fuel expansion plans.
- The group is requesting an investigation by the Alberta Securities Commission into the climate disclosures of both companies to determine their accuracy and adequacy.
22 Articles
22 Articles
A shareholder advocacy group filed a complaint for eco-money laundering with the Alberta Financial Market Supervisory Authority, alleging that Cenovus, one of Canada's largest oil sands producers, and Enbridge, the country's largest crude oil pipeline operator, misled investors in their environmental information.
Greenwashing complaint filed with Alberta Securities Regulator
Cenovus and Enbridge challenged on net zero claims Toronto, August 20, 2025 – Today the shareholder advocacy organization Investors for Paris Compliance (I4PC) filed a complaint with the Alberta Securities Regulator (ASC) alleging misleading disclosure regarding net zero by Cenovus and Enbridge. The choice of the ASC may come as a surprise to observers who have been expecting complaints to the federal Competition Bureau, sparked by Bill C-59. “I…
Coverage Details
Bias Distribution
- 79% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
