The Mammoth in the Room

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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