This report explores the benefits that Talisman Energy...might derive and the challenges it might encounter if it were to adopt a policy to secure the free, prior, and informed consent (“FPIC”) of indigenous peoples potentially impacted by its global operations...The scope of the report...includes the legal history of FPIC, the opportunities and challenges attendant to a FPIC policy, FPIC best practices, and guidance on FPIC policy language and implementation guidelines...[Since] the U.N. General Assembly’s adoption of the Declaration [on Indigenous Rights]…domestic and regional human rights courts have already begun to reference it in their rulings, and have found that States violated their human rights obligations by handing out concessions without FPIC. Such legal cases create a risk that companies could lose their concessions…[also refers to Alexkor, Anglo American, BG group, BP, Chevron, Conoco Phillips, De Beers, Exxon Mobil, Gazprom, Manhattan Mining, Newmont, Occidental, Repsol, Rio Tinto, Shell, Statoil, WMC, Xstrata]