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Why One Major Energy Company Failed Its Say-on-Climate Vote

ESG Co-chair Jacob Hupart spoke to Agenda on the recent rejection of Woodside Energy’s climate transition plan by investors. He noted a reason for the opposition could stem from the plan’s reliance on carbon credits.

Jacob said, “At the end of the day, a company is responsible to its shareholders. A vote like this is a way to basically shoot a warning shot across the bows and tell the company, 'Shape up. We've been telling you things and you need to listen.'"