Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Tourmaline has limited engagement on climate change policy, although it is a member of two groups that have engaged in negative lobbying on climate policy in North America, Canadian Association of Petroleum Producers (CAPP) and the Canadian Chamber of Commerce.
Top-line Messaging on Climate Policy: In its 2022 Sustainability report, Tourmaline stated that effective carbon pricing and emission reduction policies must be effective, and ensure the competitiveness of Canada's oil and gas industry. However, it remains unclear whether the company supports climate change regulations as a whole.
Engagement with Climate-Related Regulations: Tourmaline has limited engagement on climate change policy, with some engagement being slightly positive, and some being negative. In its 2021 Sustainability Report from December 2022, the company appears to be supportive of a carbon tax, however states that it must not be detrimental to the oil and gas sector.
Tourmaline appears to be somewhat supportive of GHG emissions regulations. According to a 2024 Notice of Change from the Alberta Lobbyist Registry, the company appears to support the TIER Program and Methane Reduction Initiative to regulate methane emissions methane regulations, although states there must be flexibility in meeting targets. This was also expressed in a similar to a Notice of Change document in June 2023, Tourmaline appeared to be advocating for the TIER Program and Methane Reduction Initiative to regulate methane emissions.
Positioning on Energy Transition: Tourmaline has limited engagement in energy transition, although it appears to have a negative position. In a 2024 Notice of Change in the Alberta Lobbying Registry, Tourmaline appeared to support the continued growth of Alberta’s gas industry. In its 2022 Sustainability report from October 2023, CEO Michael Rose states that fossil gas will have an important role in the future energy mix and that a growing LNG will be beneficial to Canada's economy. In its June 2023 Notice of Change document from the Alberta Lobbyist Registry, Tourmaline appears to support a fossil gas having s continued role in the energy mix, and while the company does appear to advocate for CCUS development, it does not provide clear timelines for this transition. According to a June 2022 press release on CSRWire from Enbridge, Tourmaline CEO Mike Rose expressed support for fossil gas on the basis that it is ‘low-emission’, and did not place any clear condition for CCUS.
Industry Association Governance: Tourmaline appears to be a member of the Canadian Association of Petroleum Producers (CAPP) and the Canadian Chamber of Commerce, both of which have demonstrated negative advocacy for climate change policy in Canada and the US.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2024.