issues. In addition to the EPA’s rule applicable to onshore and offshore sources of
oil and natural-gas production and requiring annual reporting of GHG emissions, the
EPA has adopted regulations for certain large sources regulating GHG emissions as
pollutants under the U.S Clean Air Act.”27
“These environmental and occupational health and safety laws and regulations
generally restrict the level of pollutants emitted to ambient air, discharges to surface
water, and disposals or other releases to surface and below-ground soils and ground
water. Failure to comply with these laws and regulations may result in the
assessment of sanctions, including administrative, civil, and criminal penalties; the
imposition of investigatory, remedial, and corrective action obligations or the
incurrence of capital expenditures; the occurrence of delays or cancellations in the
permitting, development, or expansion of projects; and the issuance of injunctions
restricting or prohibiting some or all of the Company’s activities in a particular
area.”28
“The Company has incurred and will continue to incur operating and capital
expenditures, some of which may be material, to comply with environmental and
occupational health and safety laws and regulations. Historically, the Company’s
environmental compliance costs have not had a material adverse effect on its results
of operations; however, there can be no assurance that such costs will not be material
in the future or that such future compliance will not have a material adverse effect
on the Company’s business and operation results. The ultimate financial impact
arising from environmental laws and regulations is neither clearly known nor
determinable as existing standards are subject to change and new standards continue
to evolve.”29
Statements on Human Rights
“Consistent with the United Nations Guiding Principles on Business and Human
Rights, Anadarko recognizes that federal and state governments are responsible for
protecting and fulfilling human rights and as a responsible global operator, it is our
obligation to respect human rights and comply with all applicable laws. Our business
practices are conducted in accordance with applicable laws both domestically and
abroad in a manner that embodies our culture of acting with the highest ethical
standards.”30
Anglo American plc
Statements on Climate Change
Andarko Petroleum Co., Annual Report 2018, p. 32, available at
https://www.anadarko.com/content/documents/apc/Responsibility/Governance_Documents/APC_2018_Annual_Re
port.pdf (last accessed on 12 September 2019).
28 Id.
29 Id.
30 Our Approach to Human Rights, available at https://www.anadarko.com/Corporate-Responsibility/Governanceand-Accountability/Approach-to-Human-Rights/ (last visited 12 September 2019).
27
Annex D: Corporate Statements on Climate Change and Human Rights |
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