Major investors are opposing Woodside Energy Group Ltd.’s climate plans and the chairman’s reelection, raising questions about the strategy of Australia’s largest energy company as it rushes to expand oil and natural gas output.
Funds including the California State Teachers’ Retirement System and Australia’s Aware Super both voted against Richard Goyder’s reappointment and rejected proposals for emissions reduction before an annual meeting on Wednesday. Other shareholders backed directors but rejected the green plans.
