Cenovus Announces Significant Commitment to Education and Recognition for Indigenous People Across Canada

Source Press Release
Company Cenovus Energy Inc. 
Tags Strategy - Corporate
Date June 21, 2022

Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced a new and significant commitment to Indspire that will support initiatives across Canada aimed at enhancing education and recognizing the outstanding achievements of Indigenous people. Cenovus will donate $1 million over four years, becoming a partner with Indspire, an Indigenous national charity that invests in the education of First Nations, Inuit, and Métis people.

“We have supported the creation of long-term economic and social value for Indigenous communities, and provided meaningful opportunities since Cenovus was created more than a decade ago,” said Trent Zacharias, Cenovus’s Director, Community & Indigenous Affairs. “This partnership is an opportunity to further directly invest in supporting education initiatives that can bring sustained change for Indigenous people and their communities across Canada, and contribute to advancing overall reconciliation. It’s also our way of recognizing and honouring the rich history and contributions of Indigenous people in Canada during National Indigenous History Month.”

Over the four years, Cenovus will be involved across Indspire’s national programs and initiatives that support Indigenous education and celebrate success stories. The investment by Cenovus includes funding by the company of 25 annual scholarships of $5,000 each for Indigenous students, matched by the Government of Canada for a total of 50 awards. The donation also supports a gathering for Indigenous youth as well as the yearly Indspire Awards, recognizing outstanding individual achievement.

“We are pleased to be working with Cenovus to provide scholarships for Indigenous learners to pursue their education dreams in science, technology, engineering, math and the trades. This is the beginning of a significant partnership with Cenovus, and we look forward to working with them,” said Mike DeGagné, President & Chief Executive Officer of Indspire.

Cenovus recently established two Indigenous reconciliation targets as part of its overall environmental, social and governance commitments, and, since 2012, has donated almost $400,000 to Indspire to support the scholarship program as well as the Indspire Awards and youth empowerment event.

Cenovus focuses its social investments on four focus areas: Indigenous reconciliation, Protected planet, Future-ready youth and Resilient communities. Through these focus areas, the company is committed to investing in initiatives that will address a broad spectrum of challenges through collaboration with a variety of partners and organizations, such as Indspire, to develop solutions for society, the environment and the economy. Cenovus employees also play a role in contributing to the community through Cenovus Cares, the company’s giving and volunteering program.

Source: EvaluateEnergy® ©2022 EvaluateEnergy Ltd