Activists have sharpened their world-leading case against gas producer Santos for greenwashing using company documents, including one that describes its emissions reduction claims as “speculative”.
The Australasian Centre for Corporate Responsibility this week filed new allegations against Santos in the Federal Court case it started in August 2021 that claimed the gas producer had breached Australian consumer law by misleading investors about its climate credentials.
In December 2020, Santos announced an ambitious target to produce net zero emissions by 2040, a decade ahead of most of its competitors. Details on how the 2040 target could be achieved were presented to investors that day and in a climate change report two months later are the focus of the ACCR case.
Santos said in its 2021 climate change report that studies had shown it could produce this “low-cost zero-emission hydrogen” for $2 a kilogram by 2030.However, according to ACCR’s filing, Santos internal documents said hydrogen could only be produced at that price if the gas used cost about $4 a kilogram, and Santos did not “have a line of sight” to such a cheap supply, and the product would not be zero emissions.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon keeps growing, and so does its cache of data on youAmazon will spend billions of dollars in two gigantic acquisitions that, if approved, will broaden its ever-growing presence in the lives of consumers.
Read more »
Why this Chinese-Australian feels unsafe after speaking out about China's treatment of UyghursVicky Xu says human rights activists and critics of the Chinese government in Australia are being harassed and intimidated.
Read more »
England recall Ollie Robinson for second Test against South AfricaOllie Robinson has been recalled to the England attack for Thursday’s second Test against South Africa
Read more »
Ryan Giggs trial jury told they are not overseeing ‘court of morals’Jurors have begun deliberating their verdicts over claims of domestic abuse and assault against ex-footballer
Read more »