For the first time in six years, no environmental proposals were passed in the 2025 US proxy season, reflecting waning investor support amid political pushback on ESG. Average backing fell to 10%, as asset managers and proxy advisers faced mounting Republican pressure. The Financial Times reports on the news.
Elsewhere, in Australia, it has been revealed that the Darwin LNG plant leaked methane for nearly 20 years, emitting up to 184kg an hour. The leak went undetected until 2019, raising concerns over fugitive emissions ahead of the site’s restart using gas from Santos’ $4.5 billion Barossa gas field. Bloomberg covers the story.
