MARATHON PETROLEUM CORPORATION | Audited report on asset retirement obligations at MARATHON PETROLEUM CORPORATION
How other organisations have declared their voting intentions
|Organisation name||Declared voting intentions||Rationale|
|British Columbia Investment Management Corporation||For||We support this shareholder proposal asking the company to incorporate climate risk assessments in its audited financial statements. We believe climate change poses a range of material risks, especially to companies in high-emitting sectors. As such, enhanced disclosure on potential financial impacts would provide investors with additional information to assess related risks and opportunities. This resolution is aligned with the expectations and goals of the Climate Action 100+ engagement.|
|Christian Brothers Investment Services, Inc.||For||There is a groundswell of support from investors to better understand how the energy transition would affect the assumptions, costs, estimates, and valuations underlying corporate financial statements, including Asset Retirement Obligations (AROs). To the extent that assets will be uneconomic and therefore retired earlier than expected, ARO’s will be incurred earlier than expected. The acceleration of these costs may result in higher asset retirement obligation numbers in the accounts. It may also mean that the company may not have access to the amount of cash flows required to meet such obligations. Marathon investors have limited insight at present and can benefit from the report requested.|
|KBI Global Investors||For||Asset Retirement Obligations could present a material risk to investors in the energy transition and this disclosure will provide decision making insight that is useful to investors.|
|Anima Sgr||For||Shareholders would benefit from additional disclosure on the potential impacts that transitioning to a low carbon economy may have on the company and its operations. Such information would allow shareholders to better assess the company's efforts to manage and mitigate those risks.|
|Kutxabank Gestion SGIIC SAU.||For|
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