Cenovus Energy (TSE:CVE) has released an update.
Cenovus Energy, a leading member of the Pathways Alliance, has expressed concerns over the recent passage of Bill C-59, which amends the Competition Act and imposes stringent disclosure requirements on environmental and climate actions. The company argues that the bill’s vague standards and potential for frivolous litigation have forced them to remove environmental and climate information from their public communications. Cenovus emphasizes that these actions do not reflect a change in their commitment to environmental performance, but are a response to the legal risks posed by the new legislation.
For further insights into TSE:CVE stock, check out TipRanks’ Stock Analysis page.
