Australian gas producer Santos Ltd. said on March 16 it would let shareholders cast a non-binding advisory vote on its climate change report at its annual general meeting next year.
The move comes at a time when companies are under pressure to reduce emissions and increase transparency on their response to climate change amid calls for a swift shift towards clean energy.
Santos was asked by shareholders last month to publish yearly climate reports and annually disclose how its capex would be managed in a way that was consistent with the Paris Agreement.
The company has pushed back on these calls, saying it already publishes a climate change report consistent with guidelines of the G20 task force on climate-related financial disclosures.
Further, Santos said on March 16 the board did not support resolutions seeking to change its constitution at this year's meeting and continues to recommend shareholders vote against resolutions demanding more climate-related disclosures.
Shashwat Awasthi, Reuters
Recommended Reading
Meta, Sage Geosystems Enter Geothermal Deal
2024-08-26 - Sage Geosystems says the company will use its geopressured geothermal system to provide Meta’s data centers with carbon-free power.
Marketed: Henry Energy Non-op Delaware Basin Divestiture
2024-08-26 - Henry Energy LP has retained RedOaks Energy Advisors for the sale of certain non-operated working interest properties in Reeves County, Texas.
Weatherford Announces Acquisition of Technology Company Datagration
2024-09-03 - The acquisition gives Weatherford International digital offerings for production and asset optimization and demonstrates its commitment to continuously driving innovation across its technology portfolio, the company said.
Crescent-SilverBow Deal Leaps Last FTC Hurdle
2024-07-08 - The ending of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act satisfies an important condition needed to complete Crescent Energy Co.’s acquisition of SilverBow Resources.
CEO: Devon Eyes 3-Mile Williston Wells With $5B Grayson Mill Deal
2024-07-08 - Devon Energy is digging deeper in the Williston Basin of North Dakota through a $5 billion deal with EnCap-backed Grayson Mill Energy.