The effect of many current and potential GHG regulations will be to establish a price or value for a unit of avoided GHG emission. Such laws and regulations could also increase demand for less carbon-intensive energy sources and technologies, including natural gas, biofuels, renewable energy and gasification technology.

Potential business opportunities related to anticipated climate change regulatory requirements fall into three broad categories:

• Opportunities associated with increased demand for and value of lower carbon energy sources and technologies associated with our existing business, for example natural gas exploration and production.
• New business opportunities in lower carbon energy and technologies with the potential to provide future growth prospects for ConocoPhillips, e.g. biofuels.
• Opportunities to extend the life or increase the value of existing ConocoPhillips assets and business, for example through the potential application of CO2 capture and storage.

There are potential opportunities in all these categories to increase revenues, decrease expenses, expedite business development, enhance ConocoPhillips’ license to operate, and to grow our business.  Please visit Pursuing New Business Opportunities for more information.