Shareholders have revolted against a climate plan put forward by Australia’s largest oil and gas company, after a lengthy campaign from activists calling on the group to be more ambitious in its carbon emissions targets.
Just over 58 per cent of voting shareholders opposed Woodside Energy’s plan at its annual general meeting, although Richard Goyder, the chairman, survived an attempt to oust him.
The vote is non-binding but puts further pressure on the board to justify the rigour of its emission reduction strategy.
Woodside is the largest energy company listed in Australia and reported net profits of $3.3 billion last year
WOODSIDE ENERGY
Woodside has set a date of 2050 to hit net-zero emissions but has framed this as an aspiration rather than a firm target. That is alongside a goal for a 15 per cent reduction in Scope 1 and 2 emissions, which covers
