Company Directory - MEG Energy Corp.
CCI Score
CCI Score: MEG Energy Corp.
-21.49
0.03%
Latest Event
Board Ties and Political Influence
The article highlights that former federal energy minister Tim Hodgson once served on the board of MEG Energy, drawing attention to the company's historical connection with a politically influential figure. This connection is used by critics to underscore ongoing corporate influence in public policy, especially within the energy sector.
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ACCOMPLICE
MEG Energy Corp. is currently rated as an Accomplice.
Latest Events
MAY232025The article highlights that former federal energy minister Tim Hodgson once served on the board of MEG Energy, drawing attention to the company's historical connection with a politically influential figure. This connection is used by critics to underscore ongoing corporate influence in public policy, especially within the energy sector.
- MAR312025
In the first quarter of 2025, MEG Energy Corp was among the oil and gas companies actively lobbying Canadian political leaders. The company met with leaders from multiple parties and was a signatory on a letter urging the repeal of key environmental regulations, including the Impact Assessment Act and the industrial carbon levy, to dramatically expand fossil fuel production.
-70
Political Contributions and Lobbying Efforts
May 23
MEG Energy's participation in extensive lobbying efforts—targeting leaders across major political parties to roll back environmental protections—supports a deregulatory agenda that undermines democratic accountability and environmental justice. This effort aligns the company with policies that favor fossil fuel expansion at the expense of sustainable practices, contributing to authoritarian influences in policy-making.
- AUG132024
On August 13, 2024, an Environmental Defence report highlighted that MEG Energy is a member of the Pathways Alliance, a lobbyist consortium whose meetings with federal officials have contributed to delaying and diluting climate progress in Canada.
-70
Political Contributions and Lobbying Efforts
May 23
The Environmental Defence report identifies MEG Energy as part of the Pathways Alliance, a coalition actively lobbying and meeting with government officials in ways that hinder robust climate policy. This involvement underscores a commitment to fossil fuel interests at the expense of urgent climate action, aligning with broader industry efforts to weaken stringent environmental regulations.
Big Oil’s Relentless Lobbying Efforts are Obstructing Climate Progress on Parliament Hill
- JUL312024
MEG Energy temporarily suspended its 2030 and 2050 greenhouse gas emissions targets, blaming vague federal greenwashing legislation for creating regulatory uncertainty. This decision raises concerns over the company’s commitment to environmental transparency and ethical business practices amid pressure to maintain climate accountability.
-40
Public and Political Behavior
May 23
The company's decision to withdraw its climate targets as a response to federal greenwashing legislation undermines public accountability and reflects a dismissive attitude toward regulatory measures designed to ensure transparency. This defiant public stance detracts from the collective effort to mitigate climate change.
MEG Energy yanks climate targets, blaming greenwashing law. Will other oilsands companies follow?
-30
Business Practices and Ethical Responsibility
May 23
By suspending its climate targets in reaction to legislative ambiguity, MEG Energy exhibits questionable business practices. This move undermines its ethical responsibility to adhere to transparent environmental standards and contributes to a broader culture of evasion in the face of meaningful accountability measures.
MEG Energy yanks climate targets, blaming greenwashing law. Will other oilsands companies follow?
- MAY302024
MEG Energy published its 2024 Modern Slavery Report detailing initiatives to prevent forced and child labour across its operations and supply chains. The report outlines measures such as forming a dedicated working group, mapping higher-risk suppliers, and providing first‐time training to supply chain management staff, reinforcing the company’s commitment to ethical labor practices and human rights.
+75
Labor Relations and Human Rights Practices
May 23
MEG Energy has demonstrably taken anti-authoritarian steps to secure labor rights by implementing robust policies to prevent forced and child labor. Their measures, including employee training and the formation of a cross-functional working group, are clear indicators of progressive labor relations and respect for human rights.
+70
Supply Chain Ethics
May 23
The report emphasizes ethical supply chain management by mapping suppliers, assessing risk, and requiring adherence to strict human rights and labor standards. These proactive steps enhance transparency and promote ethical business practices against modern slavery.
- JUL192023
The article details how MEG Energy, as one of the major oilsands producers, remains part of a rebranded lobbying network (the Pathways Alliance) that aims to secure credibility with government funding for carbon capture projects while continuing to defend fossil fuel interests. This rebranding is seen as a tactic to influence political agendas and delay effective climate policy.
-70
Political Contributions and Lobbying Efforts
May 23
MEG Energy's involvement in the Pathways Alliance indicates it is part of a broader industry effort to rebrand its political lobbying. While the alliance is presented as a move towards credible climate action, its core objective remains to defend fossil fuel interests by influencing government policy, which undermines democratic accountability and delays necessary climate reforms.
- MAY042020
MEG Energy released its Human Rights Policy outlining its commitment to uphold human rights in accordance with the UN Universal Declaration and the Canadian Charter, ensuring non-discrimination, safe working conditions, and compliance among suppliers and contractors.
+80
Labor Relations and Human Rights Practices
May 23
MEG Energy's Human Rights Policy demonstrates a progressive and protective stance towards labor relations and human rights. The policy emphasizes non-discrimination, prohibition of forced or child labor, as well as the commitment to safe working conditions and ethical labor practices which align with anti-fascist and pro-worker principles.
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Corporate Financials
- Revenue
- 2025
- $1.45B
- Total Assets
- 2025
- $4.00B
- Operating Income
- 2025
- $500.00M
- Total Equity
- 2025
- $1.80B
Industries
- 211120
- Crude Petroleum Extraction
- 211130
- Natural Gas Extraction
- 486110
- Pipeline Transportation of Crude Oil