Learn English: Woodside's Climate Report Faces Overwhelming Protest (hard)

3 weeks, 5 days ago

Woodside's Climate Report Faces Overwhelming Protest

Woodside Energy's climate plans are likely to face a strong objection from shareholders at their meeting on Wednesday.

Investors, including Norway's KLP and UK's LGIM, have raised concerns about Woodside's plans to reduce carbon emissions.

These concerns stem from Woodside's reliance on offsets and continued plans to develop new fossil fuel fields.

The shareholders' vote, though non-binding, shows their disapproval and pressure on the company to change its approach.

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Source

Original: The Guardian (Environment)

Tags

#Climate Crisis #Fossil Fuels #Oil and Gas Industry #Shareholder Activism #Paris Agreement

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