Australian Court Dismisses Climate Case Against Santos

Santos Limited has secured a legal victory after the Full Federal Court of Australia dismissed a climate-related case challenging aspects of its past disclosures and ordered costs in the company’s favor. The case, brought by the Australasian Centre for Corporate Responsibility (ACCR), targeted statements made in Santos’s 2020 Annual Report, 2021 Climate Change Report, and a 2020 Investor Day presentation. At issue were elements of the company’s 2040 Net Zero Roadmap and related climate commitments, with A ...