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One of the resolutions shareholders voted on at this AGM was Sasol’s climate change management approach. Like all the resolutions voted on, it was passed, but with the lowest majority of votes — 77.36% of shareholders voted for it.
Petrochemicals giant holds electronic meeting to avoid more protests from environmental groups.
The newly released Integrated Resource Plan has scaled back on renewables, pumped up gas and is delaying the shutdown schedule of old coal plants, with the Department of Mineral Resources and Energy saying the cost of pollution is far less than the cost of energy shortages.
Sasol's Secunda plant, the world's largest carbon emitter, is under fire from investors demanding swift action to curb emissions.
Climate investments need to jump from R131bn a year, Presidential Climate Commission says.