Company Directory

Company Directory

Company Directory - Cenovus Energy Inc.

Company Details - Cenovus Energy Inc.

Cenovus Energy Inc. Logo

Cenovus Energy Inc.

Website

Calgary, Canada

TSX: CVE, NYSE: CVE 

Cenovus Energy Inc. is a Canadian integrated oil company focused on the extraction and refining of oil sands. The company is involved in the extraction, upgrading, refining, and marketing of petroleum products, primarily operating within Canada.

CCI Score

CCI Score: Cenovus Energy Inc.

-20.63

0.01%

Latest Event

Cenovus Energy's Role in Pushing for Climate Policy Rollbacks

Cenovus Energy Inc. was named among major oil and gas companies pressing for the rollback of environmental policy measures. Energy Minister Jonathan Wilkinson criticized these moves as prioritizing short-term profits over the long-term wellbeing of Canadians and the environment, suggesting a troubling alignment with deregulation and authoritarian economic practices.

Take Action

So what can you do? It's time to make tough choices. Where will you cast your vote?

Use Your Voice
OTHER TOOLS
Investigate
Share the Score
SUPPORT CCI

ACCOMPLICE

Cenovus Energy Inc. is currently rated as an Accomplice.

-20 to -29 CCI Score
These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

  • Cenovus Energy's Role in Pushing for Climate Policy Rollbacks Logo
    MAR
    21
    2025

    Cenovus Energy Inc. was named among major oil and gas companies pressing for the rollback of environmental policy measures. Energy Minister Jonathan Wilkinson criticized these moves as prioritizing short-term profits over the long-term wellbeing of Canadians and the environment, suggesting a troubling alignment with deregulation and authoritarian economic practices.

  • Cenovus Funds Anti-Climate Advocacy Groups Logo
    JAN
    30
    2025

    Cenovus Energy Inc. was found to have financially supported grassroots groups and think tanks that oppose robust climate legislation. The documented contributions, made in 2023, reveal a strategy of funding organizations that promote fossil fuel interests while undermining clear, fact‐based climate policies, ultimately influencing public debate and regulatory efforts.

  • -70

    Public and Political Behavior

    March 22

    Cenovus Energy’s use of corporate funds to support organizations that oppose transformative climate laws constitutes a concerning political behavior. By channeling money to groups that misrepresent grassroots movements and propagate fossil fuel friendly narratives, the company is indirectly fueling political discourse that undermines comprehensive climate action and democratic accountability.

    Cenovus Funded ‘Grassroots’ Groups That Oppose Climate Laws, Document Reveals

  • -40

    Economic and Structural Influence

    March 22

    The company’s financial engagements extend to influential think tanks and advocacy groups that shape policy debates around climate change. Through funding organizations like the Fraser Institute, Macdonald Laurier Institute, and others opposing emissions caps, Cenovus is exerting an economic and structural influence that skews public policy in favor of the fossil fuel industry.

    Cenovus Funded ‘Grassroots’ Groups That Oppose Climate Laws, Document Reveals

  • Cenovus Energy Lobbying Expenditure Raises Concerns Over Political Influence Logo
    DEC
    31
    2024

    Cenovus Energy spent $400,000 on lobbying in 2024, reflecting its active pursuit of political influence that raises concerns about corporate transparency and potential support for authoritarian agendas. This activity is scrutinized from an anti-fascist perspective as it may contribute to policies favoring corporate interests over public welfare.

  • -40

    Political Contributions and Lobbying Efforts

    March 22

    Cenovus Energy's expenditure of $400,000 on lobbying in 2024 signals a deliberate effort to influence political processes. Such lobbying activities are concerning from an anti-fascist viewpoint as they can be used to sway policy decisions in favor of deregulation and corporate interests, potentially undermining democratic accountability and contributing indirectly to authoritarian practices.

    Client Profile: Cenovus Energy - Lobbying

  • Cenovus Energy Advocacy & Lobbying Activities Logo
    JAN
    01
    2024

    Cenovus Energy's memberships and advocacy efforts reveal active participation in lobbying and policy discussions aimed at aligning political groups with its strategic priorities. This involvement raises concerns over corporate influence in public policy and the potential to undermine democratic processes.

  • -40

    Political Contributions and Lobbying Efforts

    March 22

    The article details Cenovus Energy's active engagement in lobbying, including detailed disclosures of its memberships and participation in policy discussions. While the company follows regulatory requirements and promotes its ethical guidelines, its proactive political advocacy can serve to enhance corporate influence in political processes, potentially contributing to the rise of authoritarian policies.

    Advocacy & Memberships

  • +10

    Business Practices and Ethical Responsibility

    March 22

    Cenovus Energy asserts adherence to rigorous ethical standards and legal compliance through its Code of Business Conduct & Ethics and transparent reporting on lobbying activities. However, such claims do little to counterbalance the implications of its active political advocacy and association with industry groups that may influence public policy in favor of corporate interests.

    Advocacy & Memberships

  • Cenovus Energy Lobbying Activity in 2023 Logo
    DEC
    31
    2023

    Cenovus Energy Inc.'s reported spending of $360,000 on lobbying in 2023 exemplifies its engagement in influencing political processes. From an anti-fascist perspective, such lobbying efforts are problematic because they potentially aid in promoting policies and political environments that could undermine democratic accountability and empower authoritarian practices.

  • -40

    Political Contributions and Lobbying Efforts

    March 22

    The activity reflects significant corporate investment in political lobbying. Although $360,000 may not be the highest in the industry, such expenditure can be used to steer political influence in directions that align with authoritarian agendas. This score is based on concerns that increased political donations and lobbying efforts by corporations like Cenovus Energy subsidize an environment where corporate interests can override public welfare, thereby contributing indirectly to the rise of authoritarian practices.

    Cenovus Energy Lobbying Profile • OpenSecrets

  • CENOVUS Modern Slavery Report 2023: Enhanced Labor Rights and Supply Chain Ethics Logo
    JAN
    01
    2023

    Cenovus Energy Inc. released its 2023 Modern Slavery Report outlining comprehensive policies to prohibit forced labor, human trafficking, and child labor in its operations and supply chains. The report detailed risk assessments of suppliers, particularly focusing on high-risk jurisdictions, and emphasized robust staff training and compliance protocols.

  • +80

    Labor Relations and Human Rights Practices

    March 22

    Cenovus demonstrates a strong commitment to labor rights through its clear prohibition of slavery, compulsory and forced labor, and by implementing rigorous training and reporting mechanisms. This proactive approach to mitigating modern slavery risks showcases positive labor relations and respect for human rights.

    CENOVUS Modern Slavery Report 2023

  • +70

    Supply Chain Ethics

    March 22

    The report outlines Cenovus’ efforts in assessing its supply chain risks related to modern slavery. While most supplier spend is domestic, the acknowledgment of global sourcing complexities indicates room for improvement in supply chain oversight.

    CENOVUS Modern Slavery Report 2023

Industries

211120
Crude Petroleum Extraction
211130
Natural Gas Extraction
324110
Petroleum Refineries
486110
Pipeline Transportation of Crude Oil