financetom
Business
financetom
/
Business
/
Canadian oil industry group pulls climate messages over anti-greenwashing rules
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Canadian oil industry group pulls climate messages over anti-greenwashing rules
Jun 20, 2024 10:28 AM

OTTAWA, June 20 (Reuters) - A Canadian oil industry

group has removed all content from its website, social media

pages, and other public messaging about environmental goals,

citing "significant uncertainty" over the federal government's

proposed anti-greenwashing rules.

On its website on Wednesday, the Pathways Alliance, a group

of six major oil sands firms, had said "Canada's oil sands are

on a path to reach net-zero emissions from operations,"

according to an archived copy.

By Thursday, the content on its website had been

replaced with a post about its concerns with Bill C-59, which

will implement the Liberal government's mid-year budget update

announced in November.

The bill was amended earlier this year to add

anti-greenwashing rules and has already cleared the lower House

of Commons and awaits passage by the unelected upper chamber of

the parliament.

"Imminent amendments to the Competition Act will create

significant uncertainty for Canadian companies that want to

communicate publicly about the work they are doing to improve

their environmental performance," the Pathways Alliance's

website now reads.

The alliance, which includes oil sands producers Suncor

Energy ( SU ), Imperial Oil ( IMO ), and Cenovus, did

not immediately respond to a request for further comment.

Climate advocacy group Environmental Defence said Pathways

Alliance's decision to take down content shows "they don't have

evidence to support the story they're selling."

Pathways, in its note, said specific guidance from Canada's

Competition Bureau may help direct its communications approach

in the future, and added that the group "remains committed to

the work we are doing."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Italy's regulator blocks Chinese AI app DeepSeek on data protection
Italy's regulator blocks Chinese AI app DeepSeek on data protection
Jan 31, 2025
MILAN (Reuters) -Italy's data protection authority, the Garante, said on Thursday it had ordered DeepSeek to block its chatbot in the country after the Chinese artificial intelligence startup failed to address the regulator's concerns over its privacy policy. The watchdog had questioned DeepSeek this week about its use of personal data, particularly seeking information on what personal data is collected,...
Altria sees weak annual profit as vape competition heats up
Altria sees weak annual profit as vape competition heats up
Jan 31, 2025
Jan 30 (Reuters) - Marlboro maker Altria ( MO ) said on Thursday its annual adjusted profit could be lower than estimated, citing rising competition from rival vapes in the market and persistently weaker demand for cigarettes. Shares of the company, which rose nearly 30% in 2024, were down about 2% in premarket trading. Altria ( MO ) and its...
Italy's regulator blocks Chinese AI app DeepSeek on data protection
Italy's regulator blocks Chinese AI app DeepSeek on data protection
Jan 31, 2025
MILAN, Jan 31 (Reuters) - Italy's data protection authority, the Garante, said on Thursday it had ordered DeepSeek to block its chatbot in the country after the Chinese artificial intelligence startup failed to address the regulator's concerns over its privacy policy. The watchdog had questioned DeepSeek this week about its use of personal data, particularly seeking information on what personal...
Ovintiv Closes $2.31 Billion Montney Asset Acquisition
Ovintiv Closes $2.31 Billion Montney Asset Acquisition
Jan 31, 2025
09:17 AM EST, 01/31/2025 (MT Newswires) -- Ovintiv ( OVV ) said Friday that it has closed its $2.31 billion acquisition of certain Montney assets in Alberta, Canada from Paramount Resources. The company said the acquisition price was lowered from the $2.38 billion quoted when it was announced in November due to currency swaps. Ovintiv ( OVV ) said the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved