The proxy battle pitched Australia’s largest gas producer against activists that argue its path could tip the balance towards more dangerous climate change.
Shareholders rejected Woodside Energy s climate plan on Wednesday, marking a symbolic victory for activists who have called for Australia s biggest gas producer to stop new fossil fuel projects, but its chairman survived a push to oust him.
But AustralianSuper says it will back the businessman, even as it votes against the oil and gas giant’s climate plans, at a shareholder meeting on Wednesday.