(Bloomberg) -- Investors rejected Woodside Energy Group Ltd.’s climate strategy in an advisory vote as Australia’s largest energy company attempts to trim emissions while also expanding production of oil and natural gas.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Soars as Musk’s Cheaper EVs Calm Fears Over StrategyA to
(Bloomberg) -- Some of Australia’s top pension funds have been advised to oppose Woodside Energy Group Ltd.’s climate strategy, potentially adding pressure on the energy producer over its approach to emissions.Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudRussia Destroys Largest Power Plant in Ukraine’s Kyiv RegionChinese Cement Maker Hal
Glass Lewis noted that activist investor Australasian Centre for Corporate Responsibility (ACCR) opposed Goyder's re-election, with ACCR saying last month that Woodside's board was persistently unresponsive to shareholder concerns on climate risk management. Goyder, who is also the chairman on Qantas Airways, will step down from the airline's board in late 2024, with the Australian flag carrier looking to fix its battered reputation after being beset with both legal and regulatory actions.