Climate activists disrupted Woodside Energy's annual general meeting (AGM) in San Francisco, calling for the Australian oil and gas giant to take more aggressive action on reducing emissions. Protesters stormed the event, holding banners and chanting slogans against fossil fuel expansion.
The demonstration, organised by environmental groups, targeted Woodside's controversial Scarborough gas project in Western Australia, which critics argue will significantly increase carbon emissions. Activists accused the company of greenwashing and failing to align with global climate goals.
CEO Defends Climate Strategy
Woodside CEO Meg O’Neill faced tough questions from shareholders and protesters alike. She defended the company's climate roadmap, stating that Woodside is committed to a "lower-carbon future" while continuing to meet energy demand.
"We recognise the need to transition, but energy security remains critical," O’Neill said. "Our investments in new technologies and carbon capture demonstrate our commitment to sustainability."
Growing Pressure on Fossil Fuel Firms
The protest highlights mounting pressure on energy companies to accelerate decarbonisation efforts. Similar demonstrations have targeted Shell and BP in recent months, as activists push for faster action ahead of COP28.
Woodside's AGM also saw shareholder resolutions demanding stricter emissions targets, though none passed. Analysts suggest such protests could influence investor sentiment as ESG (environmental, social, and governance) concerns grow.
Meanwhile, Woodside continues to expand its LNG operations, securing new contracts in Asia despite opposition from climate campaigners.
