The company has been in the activist group's sights for years, going back to the days when the Yulleroo project it shared with Mitsubishi still seemed a viable option and executive chair Eric Streigtberg was willing to drink a glass of frac fluid in front of his shareholders to prove it.
However, in recent years Burus's development plans have remained stolidly conventional and focussed on its Rafael project. It made the gas-condensate discovery in September 2021 after tricky geology held things up.
Appraisal was slowed by the differing opinions of 50-50 partner Origin Energy's view of the project, and when it announced an exit from upstream last year Buru took full control of the project.
Development concepts include supplying the gas to existing LNG export projects or a small scale floating LNG project in partnership with Transborders Energy.
Buru contributing to climate crisis: activists
According to Lock the Gate, several dozen protesters surrounded the entry of the Celtic Club in West Perth handing out flyers.
"Shareholders were encouraged to direct the Buru Energy board to divest from oil and gas and focus on becoming a leading renewable energy provider instead," a release sent out late yesterday said.
Buru has a varied slate of in-situ renewable projects including a carbon capture and storage subsidiary called GeoVault which counts CCS maven Rosie Johnston as a consultant, a battery mineral exploration project called BattMin and nascent plans to search for native hydrogen.
Its main project remains the Ungani oil field, which restarted production earlier this month pumping 500-600 barrels of oil per day.
The field was shut in early January after Tropical Cyclone destroyed sections of the road it uses to truck oil to market.
It expects its first oil lifting from Wyndham Port next quarter.
"Kimberley communities are still recovering from devastating flooding, made worse due to man-made climate change. Buru Energy is aiming to open up the very same flood-prone area to climate-wrecking fossil fuel expansion," Lock the Gate Alliance WA coordinator Claire McKinnon said
"The extraction and burning of gas from the Kimberley would supercharge the climate crisis.
Yesterday's AGM saw minimal shareholder protest with all three motions tabled passing easily.
Buru management could not be contacted for comment.
