The Mammoth in the Room
from Notes on Adelaide Hosted by Solstice Podcasting
South Australia has a well-earned reputation as a renewable energy state. Yet, our biggest company – by a long way – is in the fossil fuel business. Every year for the past eight years, InDaily has published a yearly ranking of the biggest local companies - the South Australian Business Index – based on market capitalisation. While there are sometimes surprises, there is always one constant - at number one on the list, overshadowing all others by a huge margin, is the Adelaide-headquartered oil and gas giant Santos. How big is Santos’s contribution to the local economy and what does that mean for South Australians at a time in which the community, and investors, are increasingly questioning the ethics of investment in fossil fuel companies? Today, we talk about Santos: bigger than an elephant in Adelaide’s corporate jungle, it really is the Mammoth in the Room. For the latest South Australian Business Index rankings, to InDaily’s business pages: https://indaily.com.au/tag/sa-business-index-2022/
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