The team at ACCR have lodged a resolution to be heard at the upcoming Annual General Meeting of Origin Energy.
Origin Energy is planning to frack gasfields in the Beetaloo Basin, Northern Territory (NT). ACCR has lodged a shareholder resolution which asks Origin to explain how they are establishing free, prior and informed consent from Aboriginal Traditional Owners and communities for fracking projects in the NT. Indigenous communities have raised concerns that petroleum exploration permits have been granted without proper consent processes in place.
ACCR is also asking Origin to set and publish interim targets that are aligned with the goal of the Paris Climate Agreement to limit global warming to well below 2°C, and regularly review objectives to meet these targets over the next decade.
Finally, ACCR has asked Origin for a comprehensive review of their indirect and direct lobbying on energy and climate change, including through industry associations of which Origin is a member.
On Monday 20th August 2018, Origin announced that our resolution has been accepted and that it will be heard at the company AGM. You can read the announcement here.
The Origin AGM took place on Wednesday 17 October 2018. The 46% vote in favour of resolution 9D (our resolution on lobbying) is the largest vote for any shareholder proposal (without Board support) in Australian corporate history. Read the full results here.
Thank you to each of our supportive shareholders for getting this resolution over the line.