Shareholders Reject Petroleum Giant Woodside’s Climate Plan

Nearly 60 percent of Woodside’s shareholders did not agree with the company’s vision about its decarbonisation process in the coming years.

The Woodside Energy building is seen in Perth, Australia, on May 18, 2023. AAP Image/Aaron Bunch

Shareholders of Australian petroleum giant Woodside Energy have turned down a climate plan proposed by the company’s management amid pressure from climate activists.

During Woodside’s annual general meeting on April 24, its shareholders voted on a number of issues, including the chairman position and an action plan to help the company transition to net zero.