The most lucrative energy and resource projects are just as likely in politically challenging areas as they are in technically or physically challenging locations, requiring an adept and balanced approach. Often the difference between securing a project partnership or not is determined by having nuanced and accurate insight. Whether this is in the industry in focus, the local power structures and hierarchy, the international market dynamics or modern technological processes our proficiency and track record allow us to secure our favored projects and partners.
We constantly seek to further enhance our high-efficiency low-cost position by maximizing production at the lowest cost facilities and relentlessly focus on improving the cost position of all our assets. Our coarse tailings recovery projects in upstream extractive businesses is one initiative we have been working to improve in our operating expenditure. Our exploration and development holdings have access to long established, high-quality permitted reserves, which we believe is an increasingly valuable position. Our current portfolio and production allows for extraction and production into 2040 and we fully anticipate significant resource potential beyond that.
Of all our outstanding characteristics the most lauded quality is stakeholders bottom line performance and ROI. While there are numerous companies focused exclusively on solving environmental challenges we focus equally on margins and profitability in projects with high cash flow visibility. For example our Solar park partnerships and CCS investment are both highly profitable and specifically spearheading realignment towards sustainable energy development through traditional and modern sources, improving living conditions for people today and the next generation’s prospects for tomorrow.