Oil and gas giant Woodside is seeking to shore up support for its climate agenda ahead of a critical investor vote next month.
Woodside, the largest Australian oil and gas company, is seeking to shore up support for plans detailing how it intends to curb emissions and continue operating in a world that’s ratcheting up climate ambition ahead of a critical shareholder vote next month.
An updated plan will be put to another vote next month at Woodside’s annual investor meeting, which looms as a critical test for the company and its chairman, Richard Goyder, who faces re-election. As Australia’s top shipper of liquefied natural gas , Woodside has been at the forefront of intensifying struggle between the industry’s plans to expand output to meet ongoing customer demand in Asia and those worried about the fuel’s contribution to the worsening climate crisis.The company’s under-construction $16.
However, a growing number of powerful investors are increasingly asking questions about the role of gas in a world that’s getting serious about ratcheting up climate action, electrification, and phasing out the consumption of all fossil fuels.
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