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The federal government has recently made certain amendments to the Competition Act, which create significant uncertainty in respect of how Canadian companies may legally communicate with the public regarding their environmental goals and performance, including their climate change mitigation efforts.
With uncertainty on how the new law will be interpreted and applied, and in the absence of any transition period nor guidance from the government, we have decided to restrict public access our environmental-related communications at this time. Any clarity the Competition Bureau can provide through specific guidance may help direct our communications approach in the future.
Notwithstanding the changes to the legislation, Peyto’s intent and approach to environmental action remain unchanged. We believe our industry has a key role to play in reducing Canada's greenhouse gas emissions while also supporting a strong economy and helping provide Canadians with secure access to affordable energy.
