Diversification efforts have been made by various stakeholders, including investment advisers, sovereign wealth funds, and political actors, to reduce access to capital markets and increase the cost of lending to companies that extract fossil fuels. Additionally, institutional lenders who finance oil and gas companies have become more attentive to sustainable lending practices. These initiatives may have adverse effects on our business operations, ability to access capital, and market value of our securities. Additionally, the increased attention towards climate change risks has resulted in an increased risk of government investigations and additional private litigation against Occidental.