meaningful involvement of all people, including indigenous people, regardless of race, color, national origin or income level.”201 Murphy Oil Corporation Statements on Climate Change “Climate change initiatives and other environmental rules or regulations could reduce demand for crude oil and natural gas, which may adversely impact the Company’s business. The issue of climate change has caused considerable attention to be directed towards initiatives to reduce global greenhouse gas emissions. An international climate agreement (the ‘Paris Agreement”) was agreed to at the 2015 United Nations Framework Convention on Climate Change in Paris, France. The Paris Agreement entered into force in November 2016, however, after originally entering the agreement the U.S. administration, in 2017 subsequently withdrew from this agreement.”202 “Lawsuits against Murphy and its subsidiaries could adversely affect its operating results. The Company is involved in numerous lawsuits seeking cash settlements for alleged personal injuries, property damages and other business-related matters. Certain of these lawsuits will take many years to resolve through court proceedings or negotiated settlements. None of the currently pending lawsuits are considered individually material or aggregate to a material amount in the opinion of management.”203 “Murphy is currently required to report greenhouse gas emissions from certain of its operations and, in British Columbia and Alberta, is subject to a carbon tax on the purchase or use of many carbon-based fuels. Additionally, starting in 2017, a carbon tax applies to certain operations in Alberta. The Canadian Government has announced a proposal that all other provinces and territories implement some form of carbon pricing by 2018. Any limitation on or further regulation of, greenhouse gases (including through a cap and trade system) technology mandate, emissions tax, reporting requirement or other program, could restrict the Company’s operations, curtail demand for hydrocarbons generally and/or impose increased costs, including to operate and maintain facilities, install pollution emission controls and administer and manage emissions trading programs.”204 Marathon Petroleum Corp., Our Values Provide a Compass, available at https://www.marathonpetroleum.com/Corporate_Citizenship/Human_Rights_and_Core_Values/ (last accessed on 12 September 2019). 202 Murphy Oil Corp. (2018), 2018 Annual Report: Think Beyond Possible, p. 17, available at https://ir.murphyoilcorp.com/static-files/84068647-fd6a-4ba6-8284-9c7afb4db2a5 (last accessed on 12 September 2019). 203 Id., p. 19. 204 Id., p. 39. 201 Annex D: Corporate Statements on Climate Change and Human Rights | 52