Furthermore, similar to upstream PP&E assets discussed above, E&A assets are also potentially exposed to climate change and the global energy transition. A greater number of projects may be expected not to proceed as a consequence of lower forecast future demand, lower appetite by management and the board to allocate capital to certain projects, or increased objections from stakeholders to the development of certain projects. In response, management has updated its internal controls over its IFRS 6 assessment to reflect the potential impact that climate change and the energy transition may have on E&A assets.