Sasol execs won't pay a cent in damages if they lose Lake Charles class action lawsuit

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Sasol's Lake Charles project. Photo: Sasol
Sasol's Lake Charles project. Photo: Sasol

Sasol executives that oversaw the disastrous Lake Charles chemicals project have been insured against any possible claims resulting from a class action case in the US, and will suffer no personal loss, the company told shareholders at its Annual General Meeting. 

Shareholders grilled the Sasol board and management on matters ranging from the financial, the operational, and the environmental at the company's AGM in Friday.

In relation to the resignation of Sasol CFO Paul Victor - who will exit the company in June 2022 - one shareholder queried what would happen if Victor were found liable for damages in relation to his involvement in the Lake Charles Chemicals Project. 

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