Chairman Peter Coates says company’s plan is ‘consistent with good value’, but experts call it ‘a breathtaking failure to come to grips with a world in transition’

Protesters gather outside the Santos AGM in Adelaide on Thursday.
Protesters gather outside the Santos AGM in Adelaide on Thursday. Experts say the company’s admission that its business plan is based around a 4C temperature rise breaches the trust of its investors. Photograph: David Mariuz/AAP