lawsuits, as well as their potential effect on the Company’s business, financial condition, results of operation and cash flows.”198 “MPC recognizes the continued use of fossil fuels will help meet the world’s growing energy needs. Policies must ensure our nation’s—and the world’s—longterm needs for environmental stewardship, energy security and economic development are met. Scenarios from recognized international bodies, such as the International Energy Agency (IEA), continue to indicate that oil and natural gas will be the dominant sources of energy well into the future. The climate-related policies being considered in the various carbon-constrained scenarios are not suggesting elimination of the oil and gas industry. Instead, these scenarios model a market in which inefficient, highcost producers and assets would be phased out, allowing the low cost, more efficient producers and assets to thrive – leading to an overall reduction in GHG emissions. As we describe later in this report, based on a review of our company portfolio against the various climate scenarios, we expect MPC will continue to be successful well into the future. With this in mind, we continually monitor and assess environmental and climaterelated legislation, polices and regulations, as well as participate in the legislative and rulemaking process. We participate to ensure effective planning, and that regulations are transparent and based on sound technical and economic principles.”199 Statements on Human Rights “The company is committed to human rights and corporate citizenship as evidenced by our commitment to the fair treatment and meaningful involvement of all people, including indigenous people, regardless of race, color, national origin or income level.”200 “At MPC, our core values, as found in our Code of Business Conduct and Citizenship Report, reinforced by our Board of Directors and executive management team, and promoted throughout our business and operations, are Health and Safety, Environmental Stewardship, Integrity, Corporate Citizenship and an Inclusive Culture. With these values as the foundation of our corporate culture, we work to make a positive difference in the communities where we have the privilege to operate. We respect the human, cultural and legal rights of all individuals and communities and promote the goals and principles of the United Nations Universal Declaration of Human Rights. Our commitment extends to the fair treatment and Id., p. 40. Marathon Petroleum Corp. (October 2018), Perspectives on Climate-Related Scenarios: Risk and Opportunities, p. 8, available at https://www.marathonpetroleum.com/content/documents/Responsibility/MPC-ClimateReport2018.pdf (last accessed on 12 September 2019). 200 Marathon Petroleum Corp. (2018), Citizenship Report, p. 9, available at http://www.marathonpetroleum.com/content/documents/Citizenship/2018/2018_Citizenship_Report_10_11.pdf (last accessed on 12 September 2019). 198 199 Annex D: Corporate Statements on Climate Change and Human Rights | 51