However, in order to accommodate the
certainty of employer contributions
required by these plans,
regulatory law in all Canadian jurisdictions allows trustees to reduce accrued benefits in order to balance the plans» assets and liabilities.
Any passage of climate control legislation or other
regulatory initiatives by the IMO, EU, the United States or other countries where we operate that restrict emissions of greenhouse gases could
require us to make significant financial expenditures that we can not predict with
certainty at this time or otherwise limit our operations.