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Cenovus Energy (TSX:CVE) to help advance sustainable energy opportunities for First Nations

Energy
TSX:CVE
29 September 2022 11:30 (EDT)

Source: First Nations Major Projects Coalition

The First Nations Major Projects Coalition (FNMPC) is pleased to announce Cenovus Energy (CVE) has joined its Sustaining Partners Program.

The program furthers FNMPC’s ability to advance relationships between its members and the private sector on issues of mutual interest. Cenovus, along with existing program members CIBC, Colliers Project Leaders, COWI, Gowling WLG, IBI Group and New Gold Inc., will benefit from an exclusive relationship with FNMPC that will be focused on advancing progressive Indigenous business initiatives between the partners and FNMPC members. In working with these companies, FNMPC will articulate Indigenous perspectives concerning environmental, social and governance (ESG) investment standards and sustainable business practices generally.

Chief Sharleen Gale, Chair of FNMPC, commented on the partnership with Cenovus.

“The commitment made by Cenovus supports FNMPC in its efforts to create pathways for reconciliation and enhance the economic well-being of our members. Our sustaining partners support our most important work. FNMPC is pleased to be working closely with a select group of private sector organizations who share our vision for meaningful Indigenous inclusion in the economic mainstream of Canada.”

As a Sustaining Partner, Cenovus will participate in FNMPC’s annual conference and benefit from an exclusive working relationship with FNMPC, specifically designed to advance stronger business relationships with Indigenous communities outside of a project-specific environment.

The First Nations Major Projects Coalition (FNMPC) is a non-profit organization comprised of 90+ Indigenous communities across Canada. FNMPC was established to promote the shared interests of its members. Advancing major projects is the core of FNMPC’s service delivery. FNMPC’s technical team is active in supporting our member communities with tools, capacity supports, and advice related to corporate structures and benefit-sharing models, as well as tools to promote environmental protection and impact assessment.

Cenovus Energy Inc. is an energy company with oil and natural gas production operations in Canada and the Asia Pacific region.

Cenovus Energy Inc. (TSX:CVE) is down 1.03 per cent on the day, trading at C$21.06 per share at 11:15 am ET.


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