- Cenovus Energy (CVE) has announced a $3.7 million donation to the Nature Conservancy of Canada (NCC)
- It is part of the company’s updated social investment strategy
- The funding will help conserve natural areas across Western Canada, such as grasslands, wetlands, lakes and forest
- NCC seeks solutions to the twin crises of rapid biodiversity loss and climate change through large-scale, permanent land conservation
- Cenovus is an integrated energy company
- Cenovus Energy Inc. (CVE) opened trading at $22.82 per share
Cenovus Energy (CVE) has announced a $3.7 million donation to the Nature Conservancy of Canada (NCC).
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,” she added.
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.
“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,” said Tom Lynch-Staunton, Regional Vice-President, Nature Conservancy of Canada.
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.
As the country’s unifying force for nature, the Nature Conservancy of Canada (NCC) seeks solutions to the twin crises of rapid biodiversity loss and climate change through large-scale, permanent land conservation.
Cenovus Energy Inc. (CVE) opened trading at $22.82 per share.
