HESTA sides with Woodside on Goyder’s future

Woodside Energy’s most vocal superannuation fund investor will vote to re-elect the oil and gas giant’s chairman, Richard Goyder, despite a push from environmental activists to turf him from the board.

But HESTA chief executive Debby Blakey said there was “still a gap” between the company’s strategy and the Paris climate agreement to limit global temperature increases to 1.5 degrees. The fund, which owns just under 1 per cent of Woodside, is voting against the company’s climate strategy which will be put to investors at a shareholder meeting this month.