The ACCR has lodged two shareholder resolutions to both Santos Ltd (ASX:STO) and Woodside Petroleum Ltd (ASX:WPL) in 2020. The first has called on both companies’ to suspend membership of industry associations whose advocacy runs counter to the goals of the Paris Agreement, including the Australian Petroleum Production and Exploration Association (APPEA) and the Business Council of Australia (BCA). The second called on both companies to set Paris-aligned emissions reductions targets, align capital expenditure with those targets, and incentivise executives to achieve those targets. A third resolution was lodged with Woodside calling for a review of corporate and sector “reputation advertising”.
Thank you to each of the 100 shareholders who supported this resolution.
Resolutions and Supporting Statements