In accordance with ASX Listing Rule 3.17A, Santos advises that it has received a notice seeking to requisition resolutions for consideration at the 2022 Annual General Meeting.
The proposed resolutions have been requisitioned by shareholders representing less than
0.01 per cent of the shares on issue in
The resolutions propose: 1. An amendment to the
Santos does not consider a change to the
The lack of investment in new oil and gas fields over the last few years has caused a supply crunch and record high prices that hurt the most vulnerable in our global community. New supply investment is essential to provide energy security and affordability for customers as the world moves to a low-carbon future. About three billion people still do not have access to modern energy sources for cooking and heating with the poorest burning wood, dung and other biomass.
New supply investment to meet demand must happen in a sustainable way, using technologies such as carbon capture and storage to reduce emissions. Companies like Santos, which are publicly listed, subject to ESG scrutiny by their investors, transparently reporting on carbon emissions and their climate transition plans, and actively pursuing low-emissions technologies, are best placed to meet ongoing customer demand for oil and gas more sustainably, with ever lower emissions intensity. Driving investment in new supply to less transparent producers will not reduce global emissions or advance the transition to net-zero.
Santos already discloses decommissioning provisions transparently and accurately in our Annual Report.
The Notice of Meeting to be published in March will include all resolutions that will be considered at the meeting along with the Board's response and voting recommendations.
Contact:
Tel: +61 (0) 401 591 488
Email: claire.hammond@santos.com
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