Aug 26, 2026 – 8.00pmFormer ACCC chairman Graeme Samuel says corporate Australia’s decreasing appetite for climate action is driven by investor demands and a reaction to an overemphasis on “woke issues”, but companies have not abandoned emissions reduction entirely.Australian-based companies including BHP, Rio Tinto and Macquarie Bank have all relaxed climate targets and rules around lending to fossil fuel projects in recent years in response to shareholder pressure and softening political demands.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
‘Woke’ backlash fuelling corporate climate rollback: Samuel
Former ACCC chief Graeme Samuel says investors are driving declining corporate appetite for emissions cuts, but companies have not given up on climate issues.
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