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Santos shareholders reject activist s oil, gas wind-up resolution

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.

United kingdomKeith spenceKim coghillSonali paulSonali paul editingShri navaratnamThomson reuters trust principlesWoodside petroleumAustralasian centre for corporate responsibilityMarket forcesChairman keith spenceAustralasian centreCorporate responsibilityChris hohnThomson reuters trustAsia pacific

Woodside, Santos investors reject activist s oil, gas wind-up resolution

Sustainable BusinessWoodside, Santos investors reject activist s oil, gas wind-up resolution ReutersSonali Paul 3 minutes read The logo for Woodside Petroleum is seen on a promotional poster on display at a briefing for investors in Sydney, Australia, May 23, 2018. REUTERS/David Gray Investors in Australia s top two independent oil and gas producers on Thursday rejected an activist group s push to get the companies to spell out plans to wind down their operations to help curb global warming. The resolutions were ultimately not put to a vote as they required shareholders first to approve a move to amend the companies constitutions, which they did not. However, their boards did disclose the proxy votes on the resolutions.

Western australiaUnited kingdomKeith spenceRichard goyderThomson reuters trust principlesWoodside petroleumAustralasian centre for corporate responsibilitySantos ltdMarket forcesAustralasian centreCorporate responsibilityChairman richard goyderChairman keith spenceChris hohnThomson reuters trustமேற்கு ஆஸ்திரேலியா

Santos won t repeat mistakes on incentive: chairman

Santos won t repeat mistakes on incentive: chairman
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

South australiaKeith spenceAttila csaszarKevin gallagherWoodside petroleumWestern australiaதெற்கு ஆஸ்திரேலியாகேய்ட் ஸ்பென்ஸ்அட்டிலா சசசசர்கெவின் கல்லாகர்வூட்ஸைடு பெட்ரோலியம்மேற்கு ஆஸ்திரேலியா

Woodside, Santos investors reject activist s oil, gas wind-up resolution

Woodside, Santos investors reject activist s oil, gas wind-up resolution
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Western australiaUnited kingdomKeith spenceJan harveySonali paulJane merrimanRichard goyderThomson reuters trust principlesWoodside petroleumAustralasian centre for corporate responsibilitySantos ltdMarket forcesAustralasian centreCorporate responsibilityChairman richard goyderChairman keith spence