Resources and the Environment

Canada is blessed with an abundance of natural resources, which are the source of much of the country’s prosperity. Canadian energy producers and mining companies are key enablers of the transition to a low-carbon economy.

Canadian industry is committed to the fight against climate change. To contribute innovative and lasting solutions, companies need a road map that provides clarity and predictability, anchored in a sound economic competitiveness framework.

Areas of focus include:

Climate Change and Clean Growth

Developing and promoting effective policies that reduce pollution and the environmental footprint of Canadian businesses, communities and citizens.

Energy

Positioning Canada as a location of choice for energy companies that partner with Indigenous communities and invest in low-carbon solutions that foster superior economic and environmental performance.

Natural Resources

Ensuring all regions benefit from Canada’s resource wealth and Canadians get full value for their resources, including agriculture, minerals, forestry and fisheries

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Yes, 2022 has been a good year for oil – but that is good for the Canadian economy, too

While there is no question 2022 has been a strong year for oil and gas companies, including Cenovus, we aren’t that far removed from a commodity price collapse that led to negative earnings in 2020. Our industry is used to these volatile ups and downs.

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