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PBG » Topics » Changes in the legal and regulatory environment, including those related to climate change, could increase our costs or liabilities or impact the sale of our products.These excerpts taken from the PBG 10-K filed Feb 20, 2009. Changes
in the legal and regulatory environment, including those related
to climate change, could increase our costs or liabilities or
impact the sale of our products.
Our operations and properties are subject to regulation by
various federal, state and local governmental entities and
agencies as well as foreign governmental entities. Such
regulations relate to, among other things, food and drug laws,
competition laws, labor laws, taxation requirements (including
soft drink or similar excise taxes), bottle and can legislation
(see above under “Governmental Regulation Applicable
to PBG”), accounting standards and environmental laws.
There is also a growing consensus that emissions of greenhouse
gases are linked to global climate change, which may result in
more regional, federal
and/or
global legal and regulatory requirements to reduce or mitigate
the effects of greenhouse gases. Until any such requirements
come into effect, it is difficult to predict their impact on our
business or financial results, including any impact on our
supply chain costs. In the interim, we are working to improve
our systems to record baseline data and monitor our greenhouse
gas emissions and, during the process of developing our business
strategies, we consider the impact our plans may have on the
environment.
We cannot assure you that we have been or will at all times be
in compliance with all regulatory requirements or that we will
not incur material costs or liabilities in connection with
existing or new regulatory requirements, including those related
to climate change.
Changes in the legal and regulatory environment, including those related to climate change, could increase our costs or liabilities or impact the sale of our products. Our operations and properties are subject to regulation by various federal, state and local governmental entities and agencies as well as foreign governmental entities. Such regulations relate to, among other things, food and drug laws, competition laws, labor laws, taxation requirements (including soft drink or similar excise taxes), bottle and can legislation (see above under “Governmental Regulation Applicable to PBG”), accounting standards and environmental laws. There is also a growing consensus that emissions of greenhouse gases are linked to global climate change, which may result in more regional, federal and/or global legal and regulatory requirements to reduce or mitigate the effects of greenhouse gases. Until any such requirements come into effect, it is difficult to predict their impact on our business or financial results, including any impact on our supply chain costs. In the interim, we are working to improve our systems to record baseline data and monitor our greenhouse gas emissions and, during the process of developing our business strategies, we consider the impact our plans may have on the environment. We cannot assure you that we have been or will at all times be in compliance with all regulatory requirements or that we will not incur material costs or liabilities in connection with existing or new regulatory requirements, including those related to climate change. | EXCERPTS ON THIS PAGE:
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