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Oil company Santos admits business plan is based on 4C temperature rise

protesters gather outside the santos agm in adelaide
Protesters gather outside the Santos AGM in Adelaide on Thursday. Experts say the company’s admission that its business plan is based around a 4C temperature rise breaches the trust of its investors. Photograph: David Mariuz/AAP

Chairman Peter Coates says company’s plan is ‘consistent with good value’, but experts call it ‘a breathtaking failure to come to grips with a world in transition’

May 5, 2017 — The oil and gas company Santos has admitted its business plans are based on a climate change scenario of a 4°C rise n global temperatures, at odds with internationally agreed efforts. Continue reading Oil company Santos admits business plan is based on 4C temperature rise