A shareholder advocacy group has filed a greenwashing complaint with Alberta's securities watchdog alleging Cenovus Inc., one of Canada's biggest oilsands producers, and Enbridge Inc., the country's biggest crude pipeline operator, have misled investors in their environmental disclosures.

Investors for Paris Compliance, which seeks to hold publicly traded companies accountable for their climate commitments, argues the companies have breached the Alberta Securities Act "with long-standing and widespread inaccurate and incomplete disclosure" related to net-zero commitments.

"By extensively using net-zero terminology in their communications, Cenovus and Enbridge have led reasonable investors and the public to believe that their business models are aligned with the net-zero energy transi

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