Legal bid by shareholder advocacy group over alleged misleading ‘net zero’ and ‘clean energy’ claims fails
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Gas company Santos has successfully defended a landmark greenwashing case in which it was accused of making misleading claims about its net zero plans and being a producer of “clean” energy.
In a blow for climate activists, the federal court on Tuesday dismissed the case brought by the shareholder advocacy group the Australasian Centre for Corporate Responsibility (ACCR).
The ACCR, represented by the Environmental Defenders Office, alleged the gas company breached the Corporations Act by engaging in misleading or deceptive conduct in its 2020 annual report, an investor briefing and a 2021 climate change report.
