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Corporate Strategy

Woodside Shrugs Off Shareholder Climate Revolt

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Woodside
  • Woodside Energy is at a crossroads after its climate report was rejected by a majority of shareholders — an unprecedented result that suggests managing climate risk is a high priority even for traditional investors.

  • But the company doesn’t plan any big changes to its strategy, aiming to transition at pace with society, meaning a demand-led shift to decarbonization.

  • Nonetheless, the Australian group says it will add more transition experts to its board and plans to green-light its H2OK hydrogen-for-trucks project in Oklahoma later this year.

The Issue

Topics:
Independent E&Ps, Corporate Strategy, CO2 Emissions, Carbon Capture (CCS), Nature-Based Solutions, Hydrogen
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