Business
Whitehaven Coal shareholders overwhelmingly reject push to wind up coal operations – ABC News
Fewer than 4 per cent of shareholders back a resolution at the company’s AGM calling on the company to plan for a decline in its coal operations, in the face of…
In a blow to environmental advocates, shareholders of the Gunnedah Basin coal giant Whitehaven Coal have resoundingly rejected an investor-led campaign for it to wind up coal operations.
Key points:
- Investors called on Whitehaven Coal to plan for a decline in global demand for coal
- But shareholder support for the resolution failed to crack 5 per cent
- The company says its high quality coal will continue to be in demand in the future
But the people behind the push say the results paint an unrealistic…
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