Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The coronavirus pandemic may adversely impact our operations, demand for our products and services by our current customers, our ability to find new clients, and our revenues.
• Uncertain geopolitical conditions, including the invasion of Ukraine, sanctions, and other potential impacts on this region’s economic environment and currencies, may cause demand for our products and services to be volatile, cause abrupt changes in our customers’ buying patterns, and interrupt our ability to supply products or limit customers’ access to financial resources and ability to satisfy obligations to us.
• Operating and litigation risks may not be covered by insurance.
• Future climate change laws and regulations and the market response to these changes may negatively impact our operations.
• High fuel prices can lead to customer conservation and attrition, resulting in reduced demand for our product.
• Changes in commodity market prices may have a negative effect on our gross margin.
• The decline of the retail fuel market may impact our potential to get new customers.
• Competition in the fuel delivery industry may negatively impact our operations.
• The expansion of the electric vehicle industry may have a negative impact on our customer base.
• Our trucks transport hazardous flammable fuel, which may cause environmental damage and liability to us.
• Our cash flow and net income may decrease if we are forced to comply with new governmental regulation surrounding the transportation of fuel.
• Our current dependence on a single fuel supplier increases our risk of an interruption in fuel supply, impacting our operations.
• Our profitability is subject to fuel pricing and inventory risk.
• We operate in a new industry segment and may be subject to new and existing laws, regulations and oversight

Mitigation Strategies

• We have implemented a safety protocol and monitoring system that allows us to operate at maximum efficiency in optimal safety conditions.
• We are in the process of establishing other sources [of fuel].

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• High fuel prices leading to customer conservation and attrition.
• Low fuel prices resulting in less demand.
• Changes in commodity market prices negatively affecting gross margin.
• Decline of the retail fuel market impacting customer acquisition.
• Competition in the fuel delivery industry.
• Expansion of the electric vehicle industry impacting customer base.
• Risk of environmental damage and liability from fuel transportation.
• Dependence on a single fuel supplier.
• Profitability subject to fuel pricing and inventory risk.
• Loss of a major customer decreasing sales and earnings.
• Operating in a new industry segment with evolving laws and regulations.
• Potential termination of License Agreement with Fuel Butler delaying expansion plans.

Mitigation Strategies

• Establishing alternative fuel sources.
• Developing sales and marketing programs to attract and retain customers.
• Acquiring other retail distributors.
• Implementing a safety protocol and monitoring system.
• Maintaining compliance with all applicable regulations.
• Seeking a strategic partnership with a major oil company to lower costs and attract customers.
• Exploring the acquisition of NextNRG to prepare for the electric vehicle future.

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks

• Increased regulation of greenhouse gas emissions.