6 unchanged sentences
In February of 2022, Russian military forces invaded Ukraine and fighting between the two countries continues.
−Removed: While we have no operations, personnel or material assets in either country as of June 30, 2022, the outcome of this ongoing military conflict is highly unpredictable and could lead to further market and other disruptions that could adversely affect us, such as:
+Added: While we have no operations, personnel or material assets in either country as of September 30, 2022, the outcome of this ongoing military conflict is highly unpredictable and could lead to further market and other disruptions that could adversely affect us, such as:
volatility in crude oil and natural gas prices, which can adversely affect demand for our products and services;
8 unchanged sentences
Any of these developments could adversely affect our business, financial condition and results of operations.
+Added: The Inflation Reduction Act of 2021 could accelerate the transition to a low carbon economy and could impose new costs on our customers' operations.
+Added: In August 2022, President Biden signed the Inflation Reduction Act of 2021 ("IRA 2022") into law.
+Added: The IRA 2022 contains hundreds of billions of dollars in incentives for the development of renewable energy, clean hydrogen, clean fuels, electric vehicles and supporting infrastructure and carbon capture and sequestration, amongst other provisions.
+Added: These incentives could further accelerate the transition of the economy away from the use of fossil fuels towards lower- or zero-carbon emissions alternatives, which could decrease demand for oil and gas and consequently adversely affect the business of our customers, thereby reducing demand for our services.
+Added: In addition, the IRA 2022 imposes the first ever federal fee on the emission of greenhouse gases through a methane emissions charge.
+Added: The IRA 2022 amends the federal Clean Air Act to impose a fee on the emission of methane from sources required to report their GHG emissions to the U.S.
+Added: Environmental Protection Agency ("EPA"), including those sources in the offshore and onshore petroleum and natural gas production and gathering and boosting source categories.
+Added: The methane emissions charge would start in calendar year 2024 at $900 per ton of methane, increase to $1,200 in 2025, and be set at $1,500 for 2026 and each year after.
+Added: Calculation of the fee is based on certain thresholds established in the IRA 2022.
+Added: The methane emissions charge could increase our customers' operating costs and adversely affect their businesses, thereby reducing demand for our products and services.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.