The Globe and Mail reports in its Thursday, Aug. 21, edition that a shareholder advocacy group has filed a greenwashing complaint with Alberta's securities watchdog alleging Cenovus and Enbridge have misled investors in their environmental disclosures. A Canadian Press dispatch to The Globe reports that Investors for Paris Compliance 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 transition, which in fact threatens both their existing business and fossil fuel expansion plans," the group said in its submissions to the ASC. It said it opted to take its complaint to the ASC instead of the federal Competition Tribunal under new anti-greenwashing rules because "investors have a strong interest in the credible and timely enforcement of securities law." Canadian Securities Administrators says environmental disclosures should be subject to the same standards as financial reporting.