Woodside Energy Faces Significant Shareholder Opposition Over Climate Strategy

Over 58% of Woodside shareholders voted against the company's climate plan, highlighting a major dissent within its investor base.

Shareholders at Woodside Energy's annual general meeting have overwhelmingly rejected the company's climate strategy, with 58.4% voting against the proposed transition action plan.
Despite the rejection of the climate plan, Chairman Richard Goyder retained his position with 83.4% of the vote, indicating continued support for his leadership.
Critics argue Woodside's climate strategy relies too heavily on offsets and does not align with the Paris climate agreements, raising concerns about its commitment to reducing emissions.
Protests and significant shareholder dissent reflect growing pressure on energy companies to enhance their climate policies amid global calls for more stringent environmental standards.
Woodside insists on adjusting its strategies based on shareholder feedback, even as it plans to expand oil and gas production, which has been met with resistance from climate activists.