Campaign against re-election of director Ian Macfarlane falls short as CEO Meg O’Neill insists gas has ‘very important role’
has withstood a backlash against its climate policies with the re-election of a key director and approval of its executive pay plans at a tense annual general meeting on Friday.over plans to expand its operations amid a global push to shift away from fossil fuels and limit global warming.
The 34.8% protest vote recorded on Friday was not enough to stop Macfarlane’s re-election. The remuneration report received a 20% vote against it. The size of the protest vote does represent a warning to a company that would typically meet little resistance at its annual meeting after reporting strong profits.
“The extraordinary low vote for Ian Macfarlane sends a clear message that directors risk losing their positions if their company fails to take real climate action,” said Will van de Pol, the acting executive director of campaign group Market Forces.
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