out capital that could be used to support the multitude of society’s priorities. No one
critical societal priority should be emphasized over another, especially through
governmental subsidies that pick winners and losers. Competitive economics should
be allowed to prevail.”195
Statements on Human Rights
As of 09 September 2019, Vistra Energy Corp. has not published statements
referring to human rights in its website or the reports quoted above.
Marathon Petroleum Corporation
Statements on Climate Change
“We believe it is likely that the scientific and political attention to issues concerning
the extent and causes of climate change will continue, with the potential for further
regulations that could affect our operations . . . We estimate and publicly report
greenhouse gas emissions from our operations and products. Additionally, we
continuously strive to improve operational and energy efficiencies through resource
and energy conservation where practicable.”196
“Climate change and greenhouse gas emission regulation could affect our
operations, energy consumption patterns and regulatory obligations, any of which
could affect our results of operations and financial condition. Currently, multiple
legislative and regulatory measures to address greenhouse gas (including carbon
dioxide, methane and nitrous oxides) and other emissions are in various phases of
consideration, promulgation or implementation. These include actions to develop
international, federal, regional or statewide programs, which could require
reductions in our greenhouse gas or other emissions, establish a carbon tax and
decrease the demand for our refined products. Requiring reductions in these
emissions could result in increased costs to (i) operate and maintain our facilities,
(ii) install new emission controls at our facilities and (iii) administer and manage any
emissions programs, including acquiring emission credits or allotments.”197
“We could also face increased climate-related litigation with respect to our
operations or products. Governmental and other entities in California, New York,
Maryland and Rhode Island have filed lawsuits against coal, gas, oil and petroleum
companies, including the Company. The lawsuits allege damages as a result of
climate change and the plaintiffs are seeking unspecified damages and abatement
under various tort theories. Similar lawsuits may be filed in other jurisdictions. There
remains a high degree of uncertainty regarding the ultimate outcome of these
Vistra Energy Corp. (2018), Annual Sustainability Report, p. 3, available at https://www.vistraenergy.com/wpcontent/uploads/2019/04/2018-Sustainability-Report.pdf (last accessed on 12 September 2019).
196 Marathon Petroleum Corp. (2018), Annual Report, pp. 16–17, available at
http://ir.marathonpetroleum.com/Cache/397138125.PDF?O=PDF&T=&Y=&D=&FID=397138125&iid=4136924
(last accessed on 12 September 2019).
197 Id., p. 39.
195
Annex D: Corporate Statements on Climate Change and Human Rights | 50
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