Investors for Paris Compliance (I4PC), an organization that seeks to hold Canadian publicly traded companies accountable to their net-zero goals, filed a claim with the Alberta Securities Commission alleging “systematic greenwashing” by the two Calgary companies. (The Logic)

Talking point: The complaint alleges the companies committed the “fundamental contradiction” of expanding fossil fuel development while claiming to work toward net-zero emissions. It comes amid industry groups’ concerns about the federal government’s recent anti-greenwashing regulations, which say those rules hinder their ability to talk about their environmental efforts. The legislative change, under Bill C-59, forces companies to prove their environmental claims according to undefined “internationally recognized” methods. The I4PC claim, however, was not filed under C-59 rules because “investors should not have to rely on” the Competition Bureau to ensure proper environmental disclosure, it said.