I hope they don’t get fined.
Top oil and gas executives talked to 50 Liberal caucus members in Edmonton on Wednesday. There was also a session with key ministers of the Carney government.
That’s a huge change from the Justin Trudeau years, when the industry was a pariah on the verge of criminalization.
But oil and gas companies still face fines of up to $10 million for “misrepresenting” their environmental activities or achievements.
Bill C-59, the “greenwashing” law, came into effect June 20, 2024.
Companies may not say anything they can’t prove to be absolutely accurate, judged against some vague international standard.
Fines can also reach three per cent of global revenue, a mammoth penalty for large companies.
This applies not just to public advertising and company information s