“Existing and future laws, regulations and initiatives relating to global climate change, such as limitations on greenhouse gas emissions, may impact or limit our business plans, result in significant expenditures, promote alternative uses of energy or reduce demand for our products. Continuing political and social attention to the issue of global climate change has resulted in both existing and pending international agreements and national, regional or local legislation and regulatory measures to limit greenhouse gas emissions, such as cap and trade regimes, carbon taxes, restrictive permitting, increased fuel efficiency standards and incentives or mandates for renewable energy.” 90 “The implementation of current agreements and regulatory measures, as well as any future agreements or measures addressing climate change and greenhouse gas emissions, may adversely impact the demand for our products, impose taxes on our products or operations or require us to purchase emission credits or reduce emission of greenhouse gases from our operations. As a result, we may experience declines in commodity prices or incur substantial capital expenditures and compliance, operating, maintenance and remediation costs, any of which may have an adverse effect on our business and results of operations.”91 “ConocoPhillips is vigorously defending against these lawsuits. The ultimate outcome and impact to us cannot be predicted with certainty, and we could incur substantial legal costs associated with defending these and similar lawsuits in the future. In addition, although our business operations are designed and operated to accommodate expected climatic conditions, to the extent there are significant changes in the earth’s climate, such as more severe and frequent weather conditions in the markets where we operate or the areas where our assets reside, we could incur increased expenses, our operations could be adversely impacted, and demand for our products could fall.”92 “As we work to safely deliver energy to the world, addressing climate-related issues is a high priority. We recognize that human activity, including the burning of fossil fuels, is contributing to increased concentrations of greenhouse gases (GHGs) in the atmosphere that can lead to adverse changes in global climate. While uncertainties remain, we continue to manage GHG emissions in our operations and to integrate climate change-related activities and goals into our business planning.”93 “ConocoPhillips recognizes that human activity, including the burning of fossil fuels, is contributing to increased concentrations of greenhouse gases (GHG) in the atmosphere that can lead to adverse changes in global climate. ConocoPhillips (2018), Annual Report, p. 23, available at https://static.conocophillips.com/files/resources/conocophillips-2018-ar.pdf (last accessed on 12 September 2019). 91 Id. 92 Id., p. 24. 93 ConocoPhillips, (2018), Sustainability Report, p. 43, available at https://static.conocophillips.com/files/callouts/sustainability-report-2018-3.pdf (last accessed on 12 September 2019). 90 Annex D: Corporate Statements on Climate Change and Human Rights | 21