Sasol’s green plan gets shareholder approval
Activists at AGM unhappy about ‘incremental progress’ and the intention to use more natural gas
Petrochemical company Sasol’s plan to reduce its hefty polluting emissions and transform into a more environmentally friendly company received approval from the majority of shareholders at its annual general meeting (AGM), even though activists feel the plan is too vague and likely to achieve little.
Sasol is under pressure to move from being one of the most polluting companies in the world to using renewable energy. As many global investors are moving away from companies that use coal, Sasol remains heavily reliant on the commodity to make fuel. Its plant in Secunda in Mpumalanga is one of the world’s worst air polluters...