Exhibit 99.2

**Certification Pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002**

 

I,Ivor M. Ruste, certify that:

 
| 1.     | I have reviewed this annual report on Form 40-F of Cenovus  Energy Inc.;                                                                                                                                                                                                                                                                                  |
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| 2.     | Based on my knowledge, this report does not contain any untrue  statement of a material fact or omit to state a material fact necessary to  make the statements made, in light of the circumstances under which such  statements were made, not misleading with respect to the period covered by  this report;                                                 |
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| 3.     | Based on my knowledge, the financial statements, and other financial  information included in this report, fairly present in all material respects  the financial condition, results of operations and cash flows of the issuer  as of, and for, the periods presented in this report;                                                                         |
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| 4.     | The issuer’s other certifying officer and I are responsible for  establishing and maintaining disclosure controls and procedures (as defined  in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control  over financial reporting (as defined in Exchange Act Rules 13a-15(f) and  15d-15(f)) for the issuer and have: |
|   |                                                                                                                                                                                                                                                                                                                                                           |
|   | (a)                                                                                                                                                                                                                                                                                                                                                            | Designed such disclosure controls and procedures, or caused such  disclosure controls and procedures to be designed under our supervision, to  ensure that material information relating to the issuer, including its  consolidated subsidiaries, is made known to us by others within those  entities, particularly during the period in which this report is being  prepared; |
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|   | (b)                                                                                                                                                                                                                                                                                                                                                            | Designed such internal control over financial reporting, or caused  such internal control over financial reporting to be designed under our  supervision, to provide reasonable assurance regarding the reliability of financial  reporting and the preparation of financial statements for external purposes  in accordance with generally accepted accounting principles; |
|   |                                                                                                                                                                                                                                                                                                                                                           |   |
|   | (c)                                                                                                                                                                                                                                                                                                                                                            | Evaluated the effectiveness of the issuer’s disclosure controls and  procedures and presented in this report our conclusions about the  effectiveness of the disclosure controls and procedures, as of the end of the  period covered by this report based on such evaluation; and |
|   |                                                                                                                                                                                                                                                                                                                                                           |   |
|   | (d)                                                                                                                                                                                                                                                                                                                                                            | Disclosed in this report any change in the issuer’s internal control  over financial reporting that occurred during the period covered by the  annual report that has materially affected, or is reasonably likely to  materially affect, the issuer’s internal control over financial reporting;  and |
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| 5.     | The issuer’s other certifying officer and I have disclosed,  based on our most recent evaluation of internal control over financial  reporting, to the issuer’s auditors and the audit committee of the issuer’s  board of directors (or persons performing the equivalent function):                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                           |
|   | (a)                                                                                                                                                                                                                                                                                                                                                            | All significant deficiencies and material weaknesses in the design or  operation of internal control over financial reporting which are reasonably  likely to adversely affect the issuer’s ability to record, process, summarize  and report financial information; and |
|   |                                                                                                                                                                                                                                                                                                                                                           |   |
|   | (b)                                                                                                                                                                                                                                                                                                                                                            | Any fraud, whether or not material, that involves management or other  employees who have a significant role in the issuer’s internal control over  financial reporting. |

 

 

Date:  February 18, 2010

 

 
| /s/  Ivor M. Ruste                                                                     |   |
|----------------------------------------------------------------------------------------|--------|
| Ivor  M. Ruste                                                                         |   |
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|                                                                                   |   |
| Executive Vice-President & Chief Financial Officer   (Principal Financial Officer) |   |

 

 

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