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Australia, Energy

Activist investor targets Santos over ‘unacceptable’ environmental performance

By Alex Janiaud

March 10, 2023
Santos oil well in Australia
Activist investor Snowcap has suggested that Santos’s upstream growth strategy is ‘misguided and driven by executive incentives’. (Photo: Brendon Thorne/Bloomberg)

Australian oil and gas company Santos has come under fire from an activist shareholder over its ESG approach. Oil and gas company Santos, which operates across Australia and in Papua New Guinea, has been accused by an activist shareholder of having an “unacceptable environmental and safety record” that has contributed ...

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