CONOCOPHILLIPS for CONOCOPHILLIPS

Taxation/Internal Revenue Code TAX

Proposed tax law changes: Intangible drilling cost (IDC) expensing; corporate tax rate; global intangible low-taxed income (GILTI) and foreign oil and gas extraction income; dual capacity taxpayer rules; enhanced oil recovery tax credit. S. 2118: The Clean Energy for America Act - planning only. Nuclear Production Tax Credit (no legislation). Section 45Q carbon oxide sequestration - planning only. Proposed Crapo-Whitehouse energy sector innovation credit - planning only.

Contacted: HOUSE OF REPRESENTATIVES; SENATE; Executive Office of the President (EOP); White House Office; Council on Environmental Quality (CEQ); Interior, Dept of (DOI); Securities & Exchange Commission (SEC); Environmental Protection Agency (EPA)

Bills named: S. 2118 (117th)

Environment/Superfund ENV

Planning and discussions about proposed carbon dividend bill (no legislation). HR 1512: CLEAN Future Act's oil and gas related provisions; clean electricity standard. Discussions about environmental justice (no legislation). Questions for the record for EPA budget hearing- planning only. Rescission of EPA 2020 benefit-cost rule- planning only. Expected CEQ revisions to National Environmental Policy Act (NEPA) implementing regulations. S 1076, Revive Economic Growth & Reclaim Orphan WElls (REGROW) Act of 2021. HR 2415: Orphaned Well Cleanup & Jobs Act.

Contacted: Council on Environmental Quality (CEQ); Environmental Protection Agency (EPA); Securities & Exchange Commission (SEC); SENATE; HOUSE OF REPRESENTATIVES; Executive Office of the President (EOP); Interior, Dept of (DOI); White House Office

Bills named: H.R. 2415 (117th), H.R. 1512 (117th)

Energy/Nuclear ENG

Hydrogen policy- planning only. General introduction to ConocoPhillips and energy issues. General discussions about ConocoPhillips' climate change action plan. HR 1512: CLEAN Future Act - planning only around sections related to oil and gas.

Contacted: Securities & Exchange Commission (SEC); Council on Environmental Quality (CEQ); SENATE; Interior, Dept of (DOI); HOUSE OF REPRESENTATIVES; White House Office; Executive Office of the President (EOP); Environmental Protection Agency (EPA)

Bills named: H.R. 1512 (117th)

Homeland Security HOM

Cybersecurity efforts related to oil and gas industry- planning only.

Contacted: Executive Office of the President (EOP); SENATE; HOUSE OF REPRESENTATIVES; Securities & Exchange Commission (SEC); Environmental Protection Agency (EPA); Interior, Dept of (DOI); Council on Environmental Quality (CEQ); White House Office

Clean Air and Water (quality) CAW

Future regulation of methane emissions. Review of HR 848: Growing Renewable Energy and Efficiency Now Act. HJ Res. 34: disapproval resolution for EPA rule on "Oil and Natural Gas Sector: Emissions Standards for New, Reconstructed, and Modified Sources Review" - planning only. National Ambient Air Quality Standard (NAAQS); particulate matter; ozone - planning only. Low carbon hydrogen - planning only. Future waters of the U.S. rule - planning only. Small remote incinerators (SRIs) provision in FY22 Senate Interior Appropriations Bill. Social cost of carbon policy - planning only. Social cost of hydrofluorocarbons - planning only. Final policy and technical amendments to the New Source Performance Standards for the Oil & Gas Industry (Quad Oa or 0000a methane emissions regulation); potential new Quad 0a methane rule; Alaska-specific issues related to methane emissions regulation; support for direct regulation of methane emissions. Support for proposed bill to implement the Baker Schultz carbon dividends plan (no legislation).

Contacted: White House Office; SENATE; Securities & Exchange Commission (SEC); HOUSE OF REPRESENTATIVES; Environmental Protection Agency (EPA); Executive Office of the President (EOP); Council on Environmental Quality (CEQ); Interior, Dept of (DOI)

Bills named: H.R. 848 (117th), H.J.Res. 34 (117th)

Natural Resources NAT

General discussion on issues related to Alaska and Lower 48 oil and gas development, permitting and land access. HR 2415- Orphaned Well Cleanup and Jobs Act. S 1076- Revive Economic Growth and Reclaim Orphaned Wells Act of 2021. Protection of the Record of Decision on the Final Environmental Impact Statement (EIS) for the Willow Master Development Plan in the National Petroleum Reserve- Alaska. Department of the Interior permitting processes following the expiration of Secretarial Order #3395. Proposed new 5-year polar bear incidental take regulations (ITRs) for Alaska's North Slope. General discussions about ConocoPhillips' support for conservation programs and projects. Support for Alaska Eskimo Whaling Commission appropriations request. Department of the Interior's review of the federal oil & gas leasing program and their forthcoming interim report. Permitting of Applications for Permit to Drill on federal land (APDs).

Contacted: HOUSE OF REPRESENTATIVES; Council on Environmental Quality (CEQ); Executive Office of the President (EOP); Securities & Exchange Commission (SEC); SENATE; White House Office; Interior, Dept of (DOI); Environmental Protection Agency (EPA)

Bills named: H.R. 2415 (117th)

Financial Institutions/Investments/Securities FIN

Company and trade association SEC comment letters in response to request for comments on whether the climate-related risk disclosure rules and regulations of the SEC appropriately address climate change risks, uncertainties, impacts, and opportunities. HR 2570: Climate Risk Disclosure Act of 2021. HR 1187: ESG Disclosure Simplification Act. HR 1815: SEC Disclosure Effectiveness Testing Act.

Contacted: SENATE; Council on Environmental Quality (CEQ); Environmental Protection Agency (EPA); Executive Office of the President (EOP); Securities & Exchange Commission (SEC); White House Office; Interior, Dept of (DOI); HOUSE OF REPRESENTATIVES

Bills named: H.R. 1815 (117th), H.R. 2570 (117th), H.R. 1187 (117th)

Chemicals/Chemical Industry CHM

PFAS (per- and polyfluoroalkyl substances) legislative and regulatory advocacy- planning only.

Contacted: Interior, Dept of (DOI); SENATE; Council on Environmental Quality (CEQ); Environmental Protection Agency (EPA); Executive Office of the President (EOP); White House Office; HOUSE OF REPRESENTATIVES; Securities & Exchange Commission (SEC)

Fuel/Gas/Oil FUE

Extraordinary Processing Allowance in the Office of Natural Resources Revenue (ONRR) 2020 Valuation & Civil Penalty Rule.

Contacted: Council on Environmental Quality (CEQ); SENATE; Environmental Protection Agency (EPA); White House Office; Executive Office of the President (EOP); HOUSE OF REPRESENTATIVES; Interior, Dept of (DOI); Securities & Exchange Commission (SEC)