Shareholders pressure Woodside over carbon emissions and Scarborough gas project

Shareholders pressure Woodside over carbon emissions and Scarborough gas project

The Guardian

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One large shareholder has said it is not happy with the company’s greenhouse gas targets and would vote against the re-election of a director

Directors of fossil fuel producer Woodside Petroleum have been peppered with questions about the company’s commitment to reducing carbon emissions and its controversial Scarborough gas project during a meeting of shareholders in Perth.

The company is due to make a final decision on whether to commit to Scarborough in the second half of the year but is also in the process of looking for a new chief executive to replace Peter Coleman – raising concerns among shareholders about the process for approving the project.

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