Complaint lodged on potentially misleading statements by Santos Ltd
COURT OR TRIBUNAL
Other
DATE FILED (OR FIRST HEARING DATE)
15/08/2022
LITIGATION TYPE
Corporate Accountability
SUBJECT MATTER
Misleading and deceptive conduct
REVIEW TYPE
Other
SUMMARY
Market Forces (an activist shareholder group) has submitted a formal complaint to ASIC regarding potentially misleading statements at Santos’ annual shareholder meeting in May about how Santos’ plans for new oil and gas projects complied with the IEA's scenarios. Market Forces noted that ASIC has designated greenwashing (including misleading statements about environmental, social and governance claims) as a strategic focus. The group has asked ASIC to review Santos' conduct and consider taking action.
CASE DOCUMENTS
Complaint lodged on potentially misleading statements by Santos Ltd
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