FEC Resources Inc.
Climate Impact & Sustainability Data (2015-12-31 to 2019-12-31)
Reporting Period: 2015-12-31 to 2019-12-31
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- History of operating losses.
- Substantial doubt about ability to continue operations as a going concern.
- Insufficient working capital to support business in 2020.
- No dividends paid or planned in the foreseeable future.
- Volatile market price of common shares.
- Limited trading market for shares.
- Large number of shares eligible for future sale.
- Risks associated with investments in less developed countries.
- Competition from larger, better-financed companies.
- Lack of insurance against potential losses and liabilities.
- Dependence on retaining senior management and key personnel.
- Potential conflicts of interest among directors.
- Difficulty enforcing U.S. civil liability claims.
- Exemption from certain U.S. securities laws as a foreign private issuer.
Mitigation Strategies
- Rights offering to raise funds.
- Loan from PXP Energy Corporation.
- Continued review of administrative expenses (Forum Energy).