Climate Change

Cenovus Energy

InfluenceMap Score
D+
Performance Band
56%
Organisation Score
42%
Relationship Score
Sector:
Energy
Head​quarters:
Calgary, Canada
Official Web Site:
Wikipedia:

Cenovus appears to have a mixed engagement with climate change policy. The company has accepted climate change as "one of the greatest threats of our time". However it has also stressed concerns over regulatory risks and energy poverty in opposition to climate change legislation such as the U.S. Renewable Fuel Standards and Low Carbon Fuel Standards in Canada, U.S. and Europe. It has shown some support for climate policy, in November 2015 it pledged support for Alberta’s Climate Leadership Plan, with CEO Brian Ferguson applauding it for balancing a response to climate change with the need for growth in the Albertan economy. This support was also set out in formal correspondence to the Albertan Government in September 2015, when Cenovus strongly advocated for the inclusion of a carbon tax as a tool by which to engender technological innovation to reduce GHG levels. Recognizing the adverse impact of public concern for the oil sands on company revenue, it has produced media campaigns in 2011, 2014 and 2015 to influence the public's support for continued oil production in Alberta.

QUESTIONS SOURCES Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures EU Register
Climate Science Transparency NS NS NS NS NS NS NS NA
Climate Science Stance -1 -1 NA -1 -1 0 NS NA
Need for climate regulations 0 NS NS 0 NS NS -1 NA
UN Treaty Support NS NS NS NS 0 NS NS NA
Transparency on Legislation 2 NA -1 NA NA NA 2 NS
Carbon Tax 1 1 NS 2 1 1 NS NA
Emissions Trading NS NS NS 1 NS NS NS NA
Energy Efficiency Standards NS NS NS NS NS NS -1 NA
Renewable Energy Legislation -1 NS NS NS NS 2 -1 NA
Energy Policy and Mix -2 -2 1 -1 -1 0 -1 NA
GHG Emission Standards -1 NS 0 NS 1 2 NS NA
Disclosure on Relationships 2 NS -1 NA NA NA NS NS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
40%
 
25%
 
62%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.