Santos is an Australian oil and gas company focused on the exploration, development and production of natural gas and oil, with gas forming the core of its portfolio. The company is a major supplier of domestic gas in Australia and a significant exporter of liquefied natural gas (LNG) to Asian markets.

ACCR has engaged with Santos since 2000. In August 2021, ACCR filed proceedings in the Federal Court, challenging Santos’ claims that natural gas provides “clean energy” and that it has a “credible and clear plan” to achieve “net zero” emissions by 2040. It was the first court case in the world to challenge the veracity of a company’s net zero emissions plan. The case was heard in the Australian Federal Court in 2024, and a decision is pending.

10th December 2025

When growth no longer pays: re-thinking value for oil and gas companies

Ten of the world’s largest oil and gas companies would create significantly more shareholder value by ending exploration and sharply curtailing upstream development.

Read More

10th December 2025

New analysis: Oil and gas majors would create $78bn more value by stopping exploration

Ten of the world’s largest oil and gas companies would create significantly more shareholder value by ending exploration and sharply curtailing upstream development, according to new analysis released today by ACCR.

Read More

24th October 2024

Greenwashing Proceedings in Federal Court

ACCR's greenwashing claims against Santos Ltd is due to begin in the Federal Court of Australia, on Monday 28 October.

Read More

11th April 2024

Santos board granted another year to resuscitate share price

ACCR is commenting on the results of 2024 Santos Ltd Annual General Meeting (AGM).

Read More

14th March 2024

Santos’ growth strategy: will it deliver for shareholders?

Santos’ current capex heavy production growth strategy is not the optimal strategy to maximise shareholder returns, with a capital return strategy offering more value and less risk.

Read More

14th March 2024

New research: Santos shareholders better off with capital return strategy

ACCR research finds a capital return strategy - share buybacks - offers higher value than delivering the portfolio of selected unsanctioned projects, with lower risk and fewer emissions.

Read More

21st February 2024

Santos dividend no fix for share price woes

ACCR is commenting on the release today of Santos Ltd’s annual results for 2023.

Read More

15th February 2024

Members’ statement for resolution relating to the re-election of Keith Spence

ACCR has filed a members' statement with Santos Ltd (ASX:STO) against the re-election of Keith Spence.

Read More

15th February 2024

Leadership hits the wall: ACCR files members’ statement against re-election of Santos’ Chair

ACCR has filed a members’ statement against the re-election of Santos Ltd Chair, Keith Spence, at the company’s upcoming annual general meeting.

Read More

7th February 2024

Santos Woodside merger dead: time for new vision

ACCR is commenting on announcements to the ASX from Woodside Energy Group and Santos Ltd that discussions regarding a potential merger have ceased.

Read More

25th January 2024

Santos finally comes clean on Barossa guidance

ACCR is commenting on the release today of Santos Ltd’s fourth quarter report, for the period ending December 31 2023.

Read More

15th January 2024

Federal Court ruling on Barossa pipeline gets Santos out of hot water - for now

ACCR is commenting on the Federal Court decision in Munkara vs Santos, in relation to the legal challenge by Tiwi Traditional Owners to Santos’ approval to lay its Barossa gas export pipeline.

Read More

8th December 2023

Woodside and Santos merger discussions: Time for cool heads in the face of hurdles and complexity

Whilst the confirmation of early stage discussions between Woodside and Santos has seen an explosion of commentary and speculation, it is important that cool heads prevail and to acknowledge that there are significant headwinds against a deal.

Read More

27th November 2023

Australia's LNG growth wave - did it wash for shareholders?

This report looks under the hood of Australia’s LNG growth wave, examining whether it has created value for shareholders.

Read More

27th November 2023

New research: Australia’s “golden era” of gas a dud for shareholders

The failure of the Australian LNG industry to deliver shareholder value requires scrutiny from investors as the industry seeks to progress new projects.

Read More

22nd November 2023

Santos Investor Day briefing - the rinse and repeat is becoming farcical

ACCR is commenting on Santos Ltd’s 2023 Investor Day, held in Sydney today.

Read More

19th October 2023

Santos Q3 2023 report raises important questions

ACCR is commenting on the release of Santos Ltd’s third quarter report

Read More

12th October 2023

Benchmarking for change: corporate political expenditure and climate lobbying in Australia

ACCR investigates how major public companies in Australia disclose and govern their political expenditures and climate lobbying.

Read More

26th June 2023

Australasian Centre for Corporate Responsibility updates case against Santos in Federal Court

ACCR filed a Further Amended Originating Application and Further Amended Concise Statement in its proceedings against Santos over alleged greenwashing.

Read More

6th April 2023

“The tide is turning”: Significant vote against directors at Santos AGM

ACCR is commenting on the results of Santos’ 2023 Annual General Meeting, where sizeable votes were recorded against all three directors facing re-election.

Read More

23rd March 2023

ACCR Presentation on Santos Ltd 2023 AGM

Webinar supporting our analysis of the Santos Ltd (ASX: STO) 2022 remuneration report and provides a summary of the Tiwi Island case.

Read More