London | A $2.3 trillion UK-based asset manager has ramped up the pressure on Woodside over its climate strategy, revealing it would vote against the gas giant’s transition plan and oppose the re-election of chairman Richard Goyder.
Legal & General Investment Management, which ranks among Woodside’s 20 largest shareholders, said in a statement on Wednesday that the beleaguered company was “lagging our minimum expectations on climate change”.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
