What does Santos stand for?

Santos Limited (STO), an ASX-listed company, is a low-cost producer of oil and gas committed to cleaner energy and clean fuels production with operations across Australia, Papua New Guinea, Timor-Leste and North America. Santos has been supplying energy to Australia and the Asia-Pacific for over 50 years.

Will Santos produce oil and gas beyond 2040?

An activist group says they believe Santos, Australia’s second largest independent oil company, ‘intends to produce oil and gas beyond 2040’ despite its net zero emissions claims. Photograph: Jason Reed/Reuters

Who is Santos Limited?

Santos Limited is a producer of oil and gas. The Company's segments include five key assets/operating areas of the Cooper Basin, Queensland and New South Wales, Papua New Guinea (PNG), Northern Australia and Timor-Leste, and Western Australia. The Cooper Basin produces natural gas, gas liquids and crude oil.

Does Santos have a 'clear and credible' plan to achieve net zero?

The second part of the lawsuit takes aim at statements by Santos that it had a “clear and credible” plan to achieve net zero emissions by 2040 by relying on carbon capture and storage (CCS).