Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced a US$3
million (~CAD$3.7 million) donation to the Nature Conservancy of
Canada (NCC) as part of the company’s updated social investment
strategy. The donation to NCC, Canada’s leading private land
conservation organization, demonstrates Cenovus’s commitment to
protecting the planet for future generations.
Cenovus’s donation has been structured to trigger charitable
donation matching programs in Canada and the U.S., including a
grant under the U.S. North American Wetlands Conservation Act,
increasing the amount available for NCC to US$12 million. This
funding will help conserve natural areas across Western Canada,
such as grasslands, wetlands, lakes and forests that are critical
to a variety of plants and animals, including many at-risk species
and migratory birds.
The NCC donation is the first under Cenovus’s revised social
investment strategy, which the company is launching today. Cenovus
is focusing its social investments on four focus
areas: Indigenous reconciliation, Protected planet,
Future-ready youth and Resilient communities.
“Being a leading sustainability performer means having a
comprehensive social investment strategy that includes a strong
commitment to protecting our natural habitats and addressing the
impact of climate change,” said Rhona DelFrari, Cenovus Chief
Sustainability Officer & Senior Vice-President, Stakeholder
Engagement. “We have a long-standing relationship with NCC,
supporting the vitally important work the organization is doing to
help conserve Canada’s natural areas that sustain our plants and
wildlife.”
Previous donations from Cenovus have supported some of NCC’s
land conservation and educational initiatives. Since its founding
in 1962, NCC has helped protect 15 million hectares of ecological
areas across Canada. Slowing further conversion of Canadian
grasslands and wetlands into croplands is a strategic priority for
NCC.
“Wetlands are so much more than just wet land; they not only
teem with wildlife, including species-at-risk, but also perform key
functions, such as mitigating floods, cycling nutrients and storing
carbon,” said Tom Lynch-Staunton, Regional Vice-President, Nature
Conservancy of Canada. “This generous and forward-thinking
donation will have an immense impact on the Nature Conservancy of
Canada’s efforts to conserve wetland ecosystems, including those
within prairie grasslands.
“Conserving wetlands, like those found at The Yarrow Creek Ranch
of southwestern Alberta, is an essential step in permanently
protecting biodiversity, maintaining clean water and buffering the
effects of climate change.”
As part of its social investment strategy, Cenovus is committed
to making significant investments to support initiatives that will
address a broad spectrum of challenges through collaboration with a
variety of partners and organizations, such as NCC, to develop
solutions for society, the environment and the economy. Cenovus
employees also play a role in contributing to the community through
Cenovus Cares, the company’s giving and volunteering program.
“Contributing to society is about more than just the money we
provide. It’s about providing our expertise where possible,
engaging our staff as volunteers and seeking to have a meaningful
impact in the communities where we operate,” said DelFrari.
“Through this commitment, we can play an important role in helping
solve some of society’s biggest challenges.”
AdvisoryThis news release contains certain
forward-looking statements and forward-looking information
(collectively referred to as “forward-looking information”) within
the meaning of applicable securities legislation, including the
United States Private Securities Litigation Reform Act of 1995,
about our current expectations, estimates and projections about the
future, based on certain assumptions made by us in light of our
experience and perception of historical trends. Although we believe
that the expectations represented by such forward-looking
information are reasonable, there can be no assurance that such
expectations will prove to be correct.
Forward-looking information in this news release is identified
by words such as “commit”, “focus”, “will” or similar expressions
and includes suggestions of future outcomes, including, but not
limited to, statements about: expected impact of the donation on
ecological areas; commitment to social investments in four focus
areas; and making significant investments through collaboration
with a variety of partners. Developing forward-looking information
involves reliance on a number of assumptions and consideration of
certain risks and uncertainties, some of which are specific to
Cenovus and others that apply to the industry generally.
Except as required by applicable securities laws, Cenovus
disclaims any intention or obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise. Readers are cautioned that
the foregoing list is not exhaustive and is made as at the date
hereof. Events or circumstances could cause actual results to
differ materially from those estimated or projected and expressed
in, or implied by, the forward-looking information. For additional
information regarding Cenovus’s material risk factors, the
assumptions made, and risks and uncertainties which could cause
actual results to differ from the anticipated results, refer to
“Risk Management and Risk Factors” and “Advisory” in Cenovus’s
MD&A for the period ended December 31, 2021 and to the risk
factors, assumptions and uncertainties described in other documents
Cenovus files from time to time with securities regulatory
authorities in Canada (available on SEDAR at sedar.com, on EDGAR at
sec.gov and Cenovus’s website at cenovus.com).
Cenovus Energy Inc.Cenovus Energy Inc. is an
integrated energy company with oil and natural gas production
operations in Canada and the Asia Pacific region, and upgrading,
refining and marketing operations in Canada and the United States.
The company is focused on managing its assets in a safe, innovative
and cost-efficient manner, integrating environmental, social and
governance considerations into its business plans. Cenovus common
shares and warrants are listed on the Toronto and New York stock
exchanges, and the company’s preferred shares are listed on the
Toronto Stock Exchange. For more information, visit
cenovus.com.
Find Cenovus on Facebook, Twitter, LinkedIn, YouTube and
Instagram.
Cenovus contacts
Investors |
Media |
Investor Relations general line403-766-7711 |
Media Relations general line403-766-7751 |
Nature Conservancy of CanadaThe Nature
Conservancy of Canada (NCC) is the country’s unifying force for
nature. NCC seeks solutions to the twin crises of rapid
biodiversity loss and climate change through large-scale, permanent
land conservation. As a trusted partner NCC works with people,
communities, businesses and government to protect and care for our
country’s most important natural areas. Since 1962, NCC has brought
Canadians together to conserve and restore more than 15 million
hectares.
Nature Conservancy of Canada contact
Sean Feagan587-707-6045sean.feagan@natureconservancy.ca |
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