Risk Factors Update Summary
- Climate change risks now include increased exposure to physical risks from extreme weather events.
- Policy and legal risks have expanded to include evolving government policies and regulations on climate change.
- Market risks have increased due to investor pressure to reduce support for oil and gas businesses.
- Disclosure risks emphasize evolving standards for climate-related disclosures and potential costs of alignment.
- Transition risks now encompass accelerating GHG emission regulations, potentially impacting commodity demand and energy mix.
- Reputational risks now include stakeholder opposition to infrastructure and failure to meet emission reduction goals.
- Technology risks highlight the potential for significant capital expenditures to achieve GHG emission reduction goals.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=895728&owner=exclude
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