Santos sued by its own shareholder in world-first greenwashing case

Australasian Centre for Corporate Responsibility alleges Santos's plan to reach net zero by 2040 is little more than a series of speculations'

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A world-first greenwashing case that seeks to hold oil and gas company Santos accountable for its net zero commitments began in the federal court today, brought by one of its own shareholders, the Australasian Centre for Corporate Responsibility (ACCR).

The organisation claims Santos did not have a proper basis for saying it had a clear pathway to reduce emissions by 26% to 30% by 2030 and reach net zero by 2040, which constituted misleading or deceptive conduct in breach of Australian corporate and consumer laws.

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