Goyder v Glass Lewis a sign of the times

Already a subscriber?Richard Goyder’s job is on the line again – and this time you can’t help but feel a bit for him.

Now, Goyder can be slow to act. The former Wesfarmers boss is considered and thoughtful, not rash, which is one of his strengths. Sometimes it can turn into a weakness, and atWoodside is moving slowly on its transition to a clean energy company. It profits from the extraction and sale of gas and oil, and will do so for decades to come. Those fossil fuel profits are why 99 per cent of shareholders own its shares.

There are things Woodside could do to speed up its transition – for example, fully hedge its emissions profile with carbon credits – although it is walking the fine line between profits for shareholders and corporate responsibility.

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Push to remove Goyder as Woodside faces investor climate heatAustralia’s largest oil and gas company is at risk of facing an investor backlash over its response to climate change at an upcoming shareholder vote.
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Push to remove Goyder as Woodside faces investor climate heatAustralia’s largest oil and gas company is at risk of facing an investor backlash over its response to climate change at an upcoming shareholder vote.
Fonte: theage - 🏆 8. / 77 Consulte Mais informação »