Shareholders Reject Petroleum Giant Woodside’s Climate Plan 

Shareholders of Australian petroleum giant Woodside Energy have turned down a climate plan proposed by the company’s management amid pressure from climate activists. During Woodside’s annual general meeting on April 24, its shareholders voted on a number of issues, including the chairman position and an action plan to help the company transition to net zero. While the incumbent chairman, Richard Goyder, was re-elected with 83.4 percent support, 58.4 percent of the shareholders turned down its climate plan. Despite the vote on the climate plan being non-binding and purely advisory, it showed that most of Woodside’s shareholders disagreed with the company’s vision about its decarbonisation toward net zero emissions....