Energy giants Santos and Woodside have faced down environmental activist shareholders at their annual general meetings, saying they are offsetting carbon emissions by selling LNG to Asian consumers who would have otherwise used dirtier coal.
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| Santos chairman Keith Spence rejected shareholder activist resolutions at its AGM on Thursday. |
Activist investors, the Australasian Centre for Corporate Responsibility (ACCR), challenged Santos and Woodside on their climate change action at the gas companies' AGMs on Thursday. It put forward resolutions that would require the companies to slash their emissions and reduce the emissions of those using their gas. The group also called for the companies to review their relationship with industry lobby groups.
Read the story from The Age by Cole Latimer - “Gas companies defend climate actions, defy shareholder activists' push.”
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