Woodside Energy drops climate pollution goals and clean energy spending promise

Woodside Energy drops climate pollution goals and clean energy spending promise

Woodside Energy, under new CEO Liz Westcott, dropped its targets for customer pollution — the biggest part of an oil and gas company's carbon footprint — and cancelled a US$5bn promise to invest in clean energy by 2030. Its US ammonia business is under review. Half-year profit rose 27% to US$1.67bn. Climate group Market Forces criticised the move. A shareholder Q&A is set for 27 August.

Published

Read at another depth