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Risks
1. Regulatory Risk: Government regulations, policies and incentives can have significant impacts on the way FortisBC does business.
2. Environmental Risk: The company operates in a variety of environments, including natural gas and electricity fields, and can be affected by extreme weather events, fire, and other environmental risks.
3. Financial Risk: The fluctuation of commodity prices and changes in market demand can have a significant impact on the financial security of the company.
4. Operations Risk: Events such as equipment failures and cyber-security threats can cause costly disruptions to operations if not adequately addressed.
5. Reputational Risk: Consumers have become increasingly concerned about environmental and social responsibility, which can have a significant impact on the company’s reputation if not managed effectively.
6. Human Resources Risk: Recruiting and retaining the right employees is essential for maintaining the company’s success. Without an engaged and committed workforce, FortisBC’s business operations could suffer.