Question
What do you think about these mentions? Do you find them enough or lacking? What else, if anything, would you want the companies to disclose
- What do you think about these mentions? Do you find them enough or lacking?
- What else, if anything, would you want the companies to disclose on this topic?
We May Be Affected byClimate Changeand Market or Regulatory Responses toClimate Change-Climate change, including the impact of global warming, could have a material adverse effect on our results of operations, financial condition, and liquidity.Restrictions, caps, taxes, or other controls on emissions of greenhouse gasses, including diesel exhaust, could significantly increase our operating costs.Restrictions on emissions could also affect our customers that (a) use commodities that we carry to produce energy, (b) use significant amounts of energy in producing or delivering the commodities we carry, or (c) manufacture or produce goods that consume significant amounts of energy or burn fossil fuels, including chemical producers, farmers and food producers, and automakers and other manufacturers.Significant cost increases, government regulation, or changes of consumer preferences for goods or services relating to alternative sources of energy or emissions reductions could materially affect the markets for the commodities we carry, which in turn could have a material adverse effect on our results of operations, financial condition, and liquidity.Government incentives encouraging the use of alternative sources of energy could also affect certain of our customers and the markets for certain of the commodities we carry in an unpredictable manner that could alter our traffic patterns, including, for example,increasing royalties charged to producers of PRB coal by the U.S. Department of Interior andthe impacts of ethanol incentives on farming and ethanol producers. Finally, we could face increased costs related to defending and resolving legal claims and other litigation related toclimate changeand the alleged impact of our operations onclimate change.Any of these factors, individually or in operation with one or more of the other factors, or other unforeseen impacts ofclimate changecould reduce the amount of traffic we handle and have a material adverse effect on our results of operations, financial condition, and liquidity.
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