The team at ACCR have lodged a resolution to be heard at the upcoming Annual General Meeting of Origin Energy. As you may know from supporting us in the past, we need 100 shareholders supporting each resolution we put forward. We need your help to get us over the line.
Origin Energy is one of Australia’s largest gas producers, much of which comes from Queensland’s coal seam gas fields. Methane is the primary component of natural gas and can leak throughout the production process. Methane has far more potential to accelerate climate change than carbon dioxide. Yet Origin Energy discloses very little information about how it manages methane leaks, and whether it measures leakage at all. We are asking Origin Energy to improve its measurement and reporting of this dangerous greenhouse gas.
Origin Energy are also planning to develop gasfields in the Beetaloo Basin, Northern Territory. Several groups have raised concerns about the way in which Origin Energy established land access agreements to indigenous land. We are concerned that Origin Energy has not received free, prior and informed consent from traditional owners. We are asking Origin Energy to disclose details of that process.
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.
Thank you to each of our supportive shareholders for getting this resolution over the line.
Stay tuned for updates on the progress of this resolution.