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    Chris Varcoe • Calgary Herald

    Chris Varcoe's questions to Cenovus Energy Inc (CVE) leadership

    Chris Varcoe's questions to Cenovus Energy Inc (CVE) leadership • Q4 2024

    Question

    Chris Varcoe asked about the potential impact of U.S. tariffs on 2025 capital plans and whether the tariff situation or the Canadian federal election would alter the timeline for the Pathways Alliance project.

    Answer

    CEO Jon McKenzie stated that potential tariffs would not impact 2025 capital spending, as the ultimate financial effect is unclear due to many variables. He also affirmed that the Pathways project's progress is not influenced by these external factors but remains dependent on securing appropriate financial support from governments to de-risk the investment.

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    Chris Varcoe's questions to Cenovus Energy Inc (CVE) leadership • Q2 2024

    Question

    Chris Varcoe from the Calgary Herald asked how quickly Western Canadian pipelines might fill up, whether the TMX pipeline will be worthwhile for taxpayers, and about the perceived threat from Bill C-59.

    Answer

    Executive Jonathan McKenzie acknowledged that pipelines will eventually fill but stated that major producers have largely solved for egress with export capacity, mitigating differential risk. He affirmed TMX is a "great asset for Canada" that will generate significant revenue for Canadians. Regarding Bill C-59, he noted its unintended consequence was stifling important public discussion on energy and the environment due to legislative uncertainty.

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