Pacific Coast Oil Trust.
ROYT.US | Extraction of crude petroleum
Pacific Coast Oil Trust is a royalty trust that owns net profits interests in certain oil and natural gas properties located in California. The Trust's revenue is derived from the production and sale of oil and natural gas from these properties. The trust does not directly operate the properties; in...Show More
Better Health for All
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Pacific Coast Oil Trust's business model is entirely based on deriving revenue from oil and natural gas properties. Its revenue is 100% from the production and sale of oil and natural gas
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, which are products associated with severe, widespread negative health impacts and externalities, such as pollution. There is no evidence of the trust itself providing any health-positive offerings or undertaking mitigation efforts for these externalities. As a royalty trust, the company does not directly operate the properties or engage in any health-related products, services, R&D, or programs, rendering most health-related KPIs not applicable to its operations.
Fair Money & Economic Opportunity
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Pacific Coast Oil Trust is an oil and natural gas royalty trust that owns net profits interests in oil and natural gas properties and distributes income to its unitholders.
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The company does not operate as a financial institution that lends, insures, moves, or stores money for consumers. Therefore, all Key Performance Indicators (KPIs) related to fair money and economic opportunity, which assess consumer financial services, are not applicable to its business model. The provided articles confirm the company's nature as a royalty trust and do not contain any evidence of engagement in consumer lending, deposit services, financial inclusion programs, or related initiatives.
Fair Pay & Worker Respect
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Pacific Coast Oil Trust is structured as a royalty trust and does not directly operate the oil and natural gas properties. Consequently, the CEO to median employee pay ratio is not applicable to its holding structure, and the safety incident rate is not applicable as the Trust does not have hazardous operations or frontline staff. The provided articles do not contain data on the Trust's direct workforce, including living wage coverage, collective bargaining share, pay equity ratio, worker engagement score, turnover rate, insecure contract share, or health insurance coverage. A whistleblower complaint alleging retaliation was filed against Pacific Coast Energy Company (PCEC), the operator of the properties, not the Trust itself.
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This administrative complaint was closed by OSHA due to insufficient evidence, though an appeal was filed.
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Fair Trade & Ethical Sourcing
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Pacific Coast Oil Trust (ROYT.US) is a royalty trust that does not directly operate oil and natural gas properties; instead, it receives a percentage of net profits from an operator. As such, the company does not engage in direct procurement of physical commodities, manage a supply chain, or have a supplier base that would fall under the scope of fair trade and ethical sourcing practices. Consequently, there is no relevant evidence in the provided articles to score any of the KPIs for this ethical value.
Honest & Fair Business
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No specific, quantifiable evidence was found in the provided articles for any of the 'Honest & Fair Business' KPIs. While the articles mention a whistleblower complaint against Pacific Coast Energy Company (PCEC), the operator, alleging retaliation and false data regarding asset retirement obligations (ARO), and note that an SEC investigation is ongoing, there is no information provided on the presence or strength of PCEC's formal whistleblower protection policy.
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Similarly, although third-party consultants were engaged for ARO estimates, the articles do not provide the 'extent' (percentage) of independent verification of ethical claims or compliance, nor do they offer data for regulatory fines, transparency index scores, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict percentages, or anti-corruption policies.
Kind to Animals
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Pacific Coast Energy Company (PCEC), the operator of oil properties from which ROYT.US derives revenue, settled a Clean Water Act case in March 2020 for alleged violations related to polluted stormwater runoff from its Orcutt Hill oil field.
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This runoff discharged into waterways that provide habitat for threatened and endangered species, including the Unarmored Threespined Stickleback, Tidewater Goby, Red Legged frog, and steelhead.
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PCEC also had over 99 accidental oil seeps and 24 spills.
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An application for an expansion of drilling operations, proposing 144 new wells, was denied due to concerns about impacts on endangered species such as the California Tiger Salamander and associated habitats.
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As part of the settlement, PCEC agreed to pay $115,000 to the Rose Foundation for restoration projects in affected watersheds.
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No War, No Weapons
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Pacific Coast Oil Trust (ROYT.US) operates as a royalty trust, deriving revenue from net profits interests in oil and natural gas properties located in California.
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The Trust does not directly operate these properties, nor does it engage in manufacturing, technology development, or direct sales of products or services. Consequently, its core business model does not involve activities related to arms manufacturing, military contracts, dual-use technologies, or any other areas covered by the 'No War, No Weapons' value. The provided articles focus on the Trust's financial performance and legal issues, offering no evidence of involvement in any defense, military, or conflict-related activities, procurement, or lobbying. Therefore, all relevant KPIs are assessed as N/A.
Planet-Friendly Business
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The operator of the oil field from which the Trust derives revenue, Pacific Coast Energy Company (PCEC), has a history of significant environmental compliance issues. There are over 100 documented oil spills and seeps at the Orcutt Hill oil field.
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PCEC faced a federal lawsuit for Clean Water Act violations, including illegally discharging polluted stormwater and failing to monitor discharge, and violating a California permit.
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This resulted in a settlement that included $115,000 paid to a watershed fund.
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Respect for Cultures & Communities
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The provided articles, including distribution history, stock information, annual reports, and sustainability data from Yahoo Finance
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, explicitly state that no information is available regarding Pacific Coast Oil Trust's community relations, partnerships, or respect for cultures and communities
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. Therefore, no specific data points could be extracted to assess any of the KPIs for the 'Respect for Cultures & Communities' value.
Safe & Smart Tech
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No specific data regarding ROYT.US's performance on data protection, cybersecurity, or responsible AI is provided in the articles. While there is general discussion about cyberattacks on US utilities
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and an incident involving Halliburton,
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the articles explicitly state that no specific data for ROYT.US or Safe & Smart Tech is available.
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Zero Waste & Sustainable Products
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The provided articles for Pacific Coast Oil Trust (ROYT.US) are exclusively focused on stock performance, the financial structure of the trust, and its interests in oil and natural gas properties
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. The trust does not directly operate these properties
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. The trust receives 80% of net profits from developed properties and either 7.5% or 25% of net profits from remaining properties, depending on the phase of development
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. The trust distributes monthly cash receipts to unitholders within ten business days of the end of the month, after deducting fees and expenses
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. None of the articles contain any data or information related to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education. Consequently, no KPIs under the 'Zero Waste & Sustainable Products' value can be scored based on the evidence provided.