Shareholders File Greenwashing Complaint Against Cenovus and Enbridge on August 21

According to The Canadian Press, on August 21, 2025, shareholder advocacy group Paris Compliance filed a greenwashing complaint with Alberta Securities Commission against Cenovus Inc. (TSX: CVE) and Enbridge Inc. (TSX: ENB), alleging the companies misled investors through inaccurate and incomplete environmental disclosures related to net-zero commitments.

Paris Compliance argued that both companies extensively used net-zero terminology while maintaining business models aligned with fossil fuel expansion, breaching Alberta Securities Act. The group also noted that Cenovus removed net-zero statements from its website following anti-greenwashing enforcement, creating incomplete disclosure concerns. Paris Compliance is seeking an ASC investigation into existing and past climate disclosures from both companies.