REMIT Disclosure Obligations
The European Union Regulation on Wholesale Energy Market Integrity and Transparency (No 1227/2011) (“REMIT”) came into force on 28th December 2011. REMIT provides a market abuse framework for wholesale energy markets and, amongst other things, requires market participants to publically disclose inside information that they and their parent and related undertakings possess in relation to facilities and businesses that they or their affiliates own, operate or control, partly or wholly.
ExxonMobil has established these REMIT disclosure webpages to make any public disclosures that it is required to make under REMIT. The information contained in these webpages relates primarily to those European facilities that are operated by ExxonMobil affiliates and in respect of which inside information may arise as a result of their power generation or consumption activities.
In relation to co-venture facilities that are not operated by ExxonMobil, the operator of such co-venture facilities has primary responsibility for making any required disclosures under REMIT. However, in circumstances where co-venture operators are unable to make such disclosures, the “Other Market Messages” webpage will be used to meet REMIT disclosure requirements. (Gas producing assets are operated by ExxonMobil in Germany but the production levels are such that currently we do not believe that information around changes in such levels is capable of amounting to inside information.)
Whilst ExxonMobil aims to ensure that information published on these webpages is accurate when published, all information is published “as is”, without any warranty of any kind, express or implied, as to the accuracy or timeliness of such information. ExxonMobil shall not be liable for any losses or damage, whether direct or indirect, consequential, special or otherwise incidental, that may result from the use of or reliance on such information. Nothing herein shall exclude or limit ExxonMobil’s liability where such exclusion or limitation is not permitted by law.
Nothing on these webpages is intended to override the corporate separateness of local entities.
Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Esso and Mobil. For convenience and simplicity in these webpages, those terms and terms like corporation, company, our, we and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. For convenience and simplicity, words like venture, joint venture, partnership, co-venturer, and partner are used to indicate business relationships involving common activities and interests, and those words may not indicate precise legal relationships.
Last updated: [11/06/2012] at [13:00] GMT