“The relationship between greenhouse gas emissions and global climate change is
an issue of monumental scope and scale. Climate change policies have implications
for environmental quality, energy security, and the economic health and
competitiveness of our nation.”205
Statements on Human Rights
As of 23 August 2019, Murphy Oil Corp. has not published statements referring to
human rights in its website or the reports quoted above.
Murray Energy Corporation
As of 23 August 2019, Petitioners could not find Murray Energy Corporation’s
annual reports and sustainability reports for 2017 and 2018.
NACCO INDUSTRIES INC. (North American Coal Corporation)
Statements on Climate Change
“Significant public opposition has also been raised with respect to the proposed
construction of certain new coal-fueled EGUs due to the potential for increased air
emissions. Such opposition, as well as any corporate or investor policies against
coal-fired EGUs or requiring disclosures related to global climate change, could also
reduce the demand for NACoal’s coal or marketability of NACCO stock. Further,
policies limiting available financing for the development of new coal-fueled EGUs
or coal mines or the retrofitting of existing EGUs could adversely impact the global
demand for coal in the future. The potential impact on NACoal of future laws,
regulations or other policies or circumstances will depend upon the degree to which
any such laws, regulations or other policies or circumstances force electricity
generators to diminish their reliance on coal as a fuel source. In view of the
significant uncertainty surrounding each of these factors, it is not possible for us to
predict reasonably the impact that any such laws, regulations or other policies may
have on NACoal’s business, financial condition and results of operations. However,
such impacts could have a material adverse effect on NACoal’s business, financial
condition and results of operations”206
“We believe that the power plants we supply are generally younger and more
efficient, with better environmental controls than most power plants that have closed
in recent years. Many of our customers continue to invest in efficiency and
environmental upgrades to their facilities. Because these power plants are
competitive suppliers of electricity in their respective dispatch areas, we consider
our surface coal mining operations to be well positioned relative to competitors,
Murphy Oil Corp., Climate Change Principles, p. 1, available at
http://www.murphyoilcorp.com/content/documents/Responsibility/Climate_Change_Principles.pdf (last accessed on
12 September 2019).
206 NACCO Industries Inc. (2018), Annual Report on Form 10-K, p. 16, available at
http://s2.q4cdn.com/648240483/files/doc_financials/annual/2018/NC-2018-10K.pdf (last accessed on 12 September
2019).
205
Annex D: Corporate Statements on Climate Change and Human Rights | 53
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