Woodside Energy facing investor unrest as concern over ‘failed’ climate policies grows
Company says it will continue to engage with shareholders on climate strategy but advocacy group says board has not met expectations
Australia's biggest oil and gas company, Woodside Energy, will face investor unrest over its climate policies at Friday's annual general meeting, with some unconvinced that they are either properly designed or achievable.
Despite emissions pledges and the tying of executive bonuses to environmental outcomes, the shareholder advocacy group, Australasian Centre for Corporate Responsibility (ACCR), is one of several organisations urging investors to show their discontent with Woodside's climate policies at Friday's meeting.
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