Turmoil at Sasol as AGM cancelled, new CEO appointed
While the company attempted to continue, executives eventually abandoned their efforts and ended the AGM.
While the company attempted to continue, executives eventually abandoned their efforts and ended the AGM.
Sasol will hold its AGM today and will face some tough questions on its environmental stance from various NGOs.
Industrial groups in South Africa have voiced their commitment to an equitable transition, while calling for increased carbon prices to be pushed back to after 2035.
Petrochemical giant Sasol has come under fire for its emission reduction plans, particularly around its reliance on new technologies and resources to deliver the needed gains.
Sasol is seeking suppliers to provide it with renewable energy at its South African operations.
Sasol has set out steps to cut carbon emissions in a 10-year pivot away from coal and towards alternative energy sources.
The board of South Africa’s Standard Bank has been targeted for change by climate change activists, led by the Just Share NGO.
FirstRand Ltd, Africa’s biggest bank by market value, has committed to disclosing its fossil fuel-related assets and lending but said it can’t meet a deadline requested by some investors.