Following on from the IPCC 1.5C report in October last year, and COP24 in Poland where the Australian delegation failed to display any form of leadership, in 2019 ACCR is taking action on two of Australia’s largest gas producers – Santos and Woodside Petroleum.
In coordination with our global NGO partners who are putting similar asks to oil majors in Europe and the United States, we will be seeking from both companies disclosure of strategies that are aligned with the goals of the Paris Agreement. This will include how their spending or capital expenditure aligns with reducing emissions, and how executives are incentivised to deliver on the strategy.
And, following the enormous 46% vote for our resolution on anti-climate lobbying at Origin Energy in 2018, we expect Santos and Woodside to commit to reviewing their industry associations. The primary focus of these resolutions will be the Australian Petroleum Production and Exploration Association (APPEA) and the Business Council of Australia (BCA), both of whom have sought to obstruct climate policy for more than a decade.
Join us in helping to bend the curve of emissions by tackling two of Australia’s largest carbon emitters.
If you hold shares in either or both of these companies please