“This voting outcome is very promising for the AGM season in Europe, where Shell and Equinor face resolutions with the exact same request for Paris-aligned targets for all emissions (Scope 1, 2, and 3)”, added Mark van Baal, Founder of Follow This, the Dutch non-profit which filed the proposals at the two European oil heavyweights.
Two climate proposals at Santos enjoyed unprecedented shareholder support today at the oil & gas giant’s virtual annual meeting, with a record-breaking one on lobbying making Australian corporate history.
The first resolution, on setting targets aligned with the Paris Accord (covering Scope 1, 2 and 3 emissions), was supported by a massive 43% of shareholders.
On Twitter, Brynn O’Brien, ACCR’s Executive Director, wrote: “WOW. 43.39% (~62% of floating stock!!) of @SantosLtd shareholders supported @AustCCR’s shareholder resolution calling for the company to set climate targets. 46.35% (~66% of floating stock) supported our call for the company to review its lobbying agenda.”