APA Group faces activist action over Beetaloo pipeline
Activist investors are taking aim at APA Group in the first shareholder resolution filed in Australia targeting an oil or gas pipeline company over climate disclosure.
Market Forces, an affiliate of Friends of the Earth, has lodged a resolution that will go to shareholders at APA’s annual general meeting calling on the company to report on how its plans for pipelines to transport gas from the huge Beetaloo Basin resource in the Northern Territory aligns with its climate commitments.
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