Woodside treads impossibly fine line on climate demands
Whether new oil and gas projects can align with the Paris Agreement is central to the oil and gas producer’s stoush with activists and some proxy advisers.
Woodside Energy is trying to walk a tightrope between presenting a decarbonisation plan that is realistic for the oil and gas producer and preserves shareholder value, and one that may better align with its environmental critics but is not credible.
The company’s climate transition action plan, known as CTAP, has become a punching bag for its environmental critics as the issue of its decarbonisation strategy threatens to topple its high-profile chairman Richard Goyder.
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