Phillips 66 Letter 2-25-15 JC 1

The letter expresses concern over Phillips 66's limited disclosure of physical climate risks in its SEC Form 10-K filings, specifically highlighting the vulnerability of the Bayway refinery in New Jersey to sea level rise and storm surges.

• The authors argue that Phillips 66 provides insufficient public disclosure regarding the physical risks posed by climate change to its coastal refineries, despite guidance issued by the U.S. Securities and Exchange Commission (SEC) in 2010 regarding the reporting of material risks.
• A Union of Concerned Scientists (UCS) report identifies specific risks from sea level rise and enhanced storm surge at the Phillips 66 Bayway refinery located in Linden, New Jersey.
• The Bayway refinery has already experienced significant climate-related impacts, including a 7,770 gallon oil spill and several weeks of shutdown due to flood damage caused by Superstorm Sandy in 2012.

APA

Union of Concerned Scientists (2015). Phillips 66 Letter 2-25-15 JC 1. https://www.ucsusa.org/sites/default/files/attach/2015/02/phillips-66-letter-investors.pdf

Chicago

Union of Concerned Scientists. Phillips 66 Letter 2-25-15 JC 1. 2015. https://www.ucsusa.org/sites/default/files/attach/2015/02/phillips-66-letter-investors.pdf.

Wikipedia

{{cite press release |author=Union of Concerned Scientists |title=Phillips 66 Letter 2-25-15 JC 1 |date=25 February 2015 |url=https://www.ucsusa.org/sites/default/files/attach/2015/02/phillips-66-letter-investors.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{unionofconcernedscientists2015phillips, author = {{Union of Concerned Scientists}}, title = {{Phillips 66 Letter 2-25-15 JC 1}}, publisher = {Union of Concerned Scientists}, year = {2015}, month = feb, url = {https://www.ucsusa.org/sites/default/files/attach/2015/02/phillips-66-letter-investors.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }