Santos Ltd (ASX: STO) has underperformed the market for five years running.
By nearly 20 percentage points.
The International Energy Agency was clear in 2021: “Beyond projects already committed as of 2021, there are no new oil and gas fields approved for development in our pathway” to net zero by 2050.
The IPCC's own carbon budget says current fossil fuel projects already exceed what limiting warming to 1.5°C allows. Santos is opening new ones.
The financial case against Santos is one argument. The other is simpler: today's vote shapes a world the next generation has to inherit.
“Gas is not a transition fuel. It is a stranded-asset risk hiding in plain sight on superannuation balance sheets.”
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Dump Santos · Conservation SA · Market Forces · IEEFA · Original Power · Climate Council
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