Activists press Woodside, Santos to set carbon emission targets

Reuters | March 1 2019

Australia’s top two independent gas producers, Woodside Petroleum and Santos, are being urged by an activist investor to set carbon emissions targets for their businesses to help limit global warming.

The two Australian companies are among a list of global oil and gas companies, including giants Royal Dutch Shell, Chevron Corp and BP Plc, being pressed by investors to tackle climate change.

The Australasian Center for Corporate Responsibility (ACCR) filed resolutions for the annual meetings of Woodside and Santos, calling on them to spell out strategies for reducing emissions, disclose how planned spending fits the Paris Climate accord, and how executives would be encouraged to meet emissions targets.

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