Budget 2024

Tax and spend fiscal plan will inhibit growth

Alex Pourbaix points to the important link between addressing climate change and further supporting Indigenous reconciliation through economic engagement. He shares this perspective in the announcement that Cenovus has entered into a power purchase agreement to buy solar-power produced electricity and the associated emissions offsets from a partnership between Cold Lake First Nations (CLFN) and Elemental Energy Inc..

“Through this agreement we’re reinforcing our commitment to using multiple levers and innovative approaches to help us in our long-term ambition of achieving net zero emissions by 2050. This is also an excellent opportunity to further build on our long-standing relationship with Cold Lake First Nations in its partnership with Elemental.”

Alex Pourbaix, President and CEO, Cenovus