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Shareholder takes Sasol to task on emissions

Posted by Laura Grant on December 5, 2007
Posted in Business

Treevolution is thrilled with shareholder activist Theo Botha for raising concerns about Sasol’s level of commitment to reduce its greenhouse gas emissions at the petrochemical giant’s AGM last Friday.

A report in Business Day said Botha had pointed out that the company, which is the second biggest carbon dioxide emitter in South Africa after Eskom, had as yet made no capital commitments to address environmental issues, while its shareholders had received dividends worth R5.6-billion this year.

“Shareholders have to acknowledge that this company is making substantial profits but is damaging our environment. This damage has a knock-on effect on the community,” Botha was quoted as saying.

Read the full story at Business Day

Business Report noted that Sasol’s chairman Peter Cox and chief executive Pat Davies had told Botha at the AGM that a number of his suggestions would “be taken on advisement”.

Read the “Botha shakes up Sasol” section of the Business Watch column

And there’s more about the AGM in “A matter of trust at Sasol” by FM’s Rob Rose

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