The problem they have is shareholder proxy advisors and union dominated super funds who are all Leftard climate warriors. What the hell they're doing on an oil companies share register can only be because of investment rules of the funds or woke agendas.
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Glass Lewis last week recommended shareholders vote against Richard Goyder’s re-election at Woodside’s AGM on April 24 because of what it called a “dismissive” attitude to concerns about emissions and climate. Glass Lewis also urged shareholders to reject Woodside’s decarbonisation plan.
The proxy adviser referred to a report by the Australian Centre for Corporate Responsibility that Woodside under Mr Goyder had been “persistently unresponsive” to shareholder concerns about climate risk management and was pursuing a growth strategy not in shareholders’ interests.
Woodside said the research house’s response “appears to have been informed” by two member statements submitted to this year’s AGM.
“While Glass Lewis’ report says it does not share the concerns raised in these statements, they appear to be the main source for its assessment and commentary. We would like to point out that these two member statements were prepared by two civil society organisations, which both take an activist stance on climate issues and the fossil fuels sector,” Woodside said in a statement on Tuesday.
“The shareholders who submitted those members’ statements hold up to 0.005 per cent of Woodside’s shares on issue. We do not believe their views are representative of the majority of Woodside’s shareholders, whether institutional or retail.”