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Woodside shrugs off investor backlash over climate inaction

Mark Wembridge

Woodside Energy has shrugged off another round of investor backlash after big superannuation funds and influential proxy groups lodged a protest vote over the oil and gas giant’s perceived lack of action on climate change.

Almost one-fifth of shares were cast against the re-election of Woodside’s sustainability committee chairwoman Ann Pickard, while 15 per cent of shares were voted against the energy group’s remuneration report. A 25 per cent negative vote on remuneration would have resulted in a first strike.

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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au

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    Original URL: https://www.afr.com/companies/energy/woodside-faces-investor-backlash-over-climate-policies-at-agm-20250505-p5lwrv