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Cenovus marks 20 years at White Rose, eyes 2026 expansion and $400M in savings by 2028.
Cenovus Energy celebrated 20 years of oil production at its White Rose project in Newfoundland and Labrador, marking the nearing completion of the West White Rose expansion set to begin producing oil in February 2026.
CEO Jon McKenzie said a potential federal policy shift away from an upcoming emissions cap on oil and gas could boost investment and support long-term jobs, while the company’s $8.6-billion acquisition of MEG Energy is expected to deliver $400 million in annual cost savings by 2028.
Meanwhile, British Columbia’s climate review warns that expanding liquefied natural gas projects risks undermining the province’s 2030 emissions target, projecting only a 20% reduction instead of the needed 40%.
Cenovus cumple 20 años en White Rose, espera una expansión en 2026 y $400M en ahorros para 2028.