Explanatory Statement, June 2024

The federal government has passed omnibus Bill C-59, which includes amendments to the Competition Act, resulting in changes to the law around environmental communications. 

There is uncertainty on how this new legislation will be interpreted and applied on a go forward basis. This legislation does not change our commitment to the environment and to ensuring safe, reliable operations, only the way in which we are publicly communicating these aspects of our business.

To the extent the Competition Bureau can provide clarity on the legislation through specific guidance, this will help guide our future communications in this regard. Notwithstanding this legislation, Canadian Natural is committed to helping Canada reduce its GHG emissions and we will continue this important work.

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