While a price on carbon in the U.S. will increase our costs and decrease demand for our product, we support a well-designed pricing regime on carbon emissions as the most e�ective tool to reduce http://www.conocophillips.com/sustainability/managing-climate-related-risks/risk-management/ Short, Medium & Long-Term Risks As described in the Risk Management section, we evaluate and track our climate-related risk through our SD Risk Register and Climate Change Action Plan.