Risk Factors Update Summary

• Addition of risks related to climate change, including energy conservation measures and reduced demand. This could lead to increased operating costs and decreased demand for services.
• Inclusion of litigation risks related to climate change, potentially incurring liability without regard to causation. This could have adverse reputational impacts and financial consequences.
• Increased focus on ESG sustainability matters by financial stakeholders and institutional investors. This could constrain capital raising and negatively impact unit price or debt prices.
• Disclosure of potential impact of climate change on operations, including physical damage to assets and disruption of supply chains. This could affect operations and financial condition.
• Mention of potential adverse effects of interest rate increases on financial position, results of operations, and cash flows. This could impact profitability and leverage levels.
• Discussion of risks related to laws and regulations, including potential adverse effects on financial position, results of operations, and cash flows. This could impact revenues, expenses, and profitability.
• Risks associated with laws and regulations pertaining to protection, ownership, and tax treatment. This could impact cash distributions and tax benefits for unitholders.