Though company management opposed the motion it scraped through with 53% of the vote. In Australia votes have to be over 70% to pass. It is, however, non-binding.
CHEVRON Corporation shareholders have done what those in Woodside Petroleum and Santos couldn’t quite manage, pushing through a resolution requiring the company to disclose its climate lobbying activities.
Though company management opposed the motion it scraped through with 53% of the vote. In Australia votes have to be over 70% to pass. It is, however, non-binding.