Activist investors seek action against Santos' growth plans, management pay

Activist shareholders oppose Australian oil and gas explorer Santos' growth strategy, executive incentives and remuneration report, potentially raising carbon emissions and reducing shareholder value.

March 10, 2023 . 2:49 PM

1 min read

Activist shareholders oppose Santos' growth strategy, executive incentives, and remuneration report.
Market Forces filed a statement on behalf of 100 shareholders to vote against the report.
Santos' remuneration structure is designed to incentivize management to provide cleaner energy.
Snowcap Research advocates reforms to increase shareholder value by up to 50%.
Santos' increasing oil and gas output plans may see total emissions increase by 40% from 2022 to 2030.