Acute hazards refer to short-term, sudden, and often extreme events, such as hurricanes, which can directly impact operations in the short term. Chronic hazards, on the other hand, are longer-term and gradual changes, such as sea level rise, which may pose a continuous threat to offshore drilling operations over time. Option C correctly highlights the difference in the reliability of models for these two types of hazards, emphasizing that hurricane damage models are more agreed upon or reliable than models for sea level rise. This highlights the importance of considering both acute and chronic hazards in the company's 10-year strategy for resilience to climate change.

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acute hazards are event driven e.g floods while chronic hazards are longer term shifts in climate patterns e.g change in precipitation patterns. A 10 year plan would therefore look at the short term and long term impacts. answer is D