3 Min Read
MELBOURNE (Reuters) -Investors in Santos overwhelmingly opposed a resolution that would have pushed the company to spell out moves to wind down its oil and gas operations to help curb global warming, according to proxy votes shown at the annual meeting.
Shareholders in rival Woodside Petroleum will vote on the same resolution, proposed by activist group Market Forces, later on Thursday.
“Santos does not intend to close down its oil and gas operations as doing so would be against the interests of shareholders and would not be consistent with global climate and human development goals,” Santos Chairman Keith Spence said at the annual meeting, held online.