Overview
- Climate protesters disrupted Woodside Energy's annual general meeting in Perth, forcing multiple suspensions as they criticized the company's fossil fuel projects.
- Proxy adviser Glass Lewis recommended shareholders block the re-election of Ann Pickard, chair of the climate risk oversight committee, citing inadequate climate strategy.
- A record 19.45% of shareholders voted against Pickard's re-election, marking the highest dissent ever against a Woodside committee chair.
- Major pension funds, including HESTA, Aware, and Norway's Storebrand, joined U.S. funds CalPERS and CALSTRS in opposing directors over climate concerns.
- Woodside's board approved a $17.5 billion liquefied natural gas project in Louisiana, which will increase its LNG output to over 5% of global supply.