I must admit the transition plan made little sense to me. If you just look at not exploring for more O&G then the fields decline. 2050 is 25 years away - I must say I liked R Milner comment we wont have an issue in 2050 as we wont be doing this... Its not the same here but it seems that the Large superfunds don't mind telling its members that we will be happy with a poor set of results from some of our investments as long as we look green.
I had no idea how to vote - my vote would have been. We wont invest one cent into renewables unless they can make money. We wont invest unless government underpin the road to transition.
Our shareholders want a fair return.
I also want the company to ringfence the Australian assets and separate them and float off the international assets and list those overseas with a shared expense agreement to a management company which manages both entities. Shareholder's to hold 1 Australian share and 1 International share. I think the Australian Green ideas will only change when we have to get money from the World bank to pay for the welfare benefits we seem to think we can afford.
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