Woodside scraps long-term emissions and clean energy targets despite windfall oil profits caused by Iran war
by Jonathan Barrett Business editor from World news | The Guardian on (#77XMA)
Australia's biggest oil and gas company recorded a 27% increase in sales profit to $1.67bn in the six-month reporting period
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Woodside Energy has scrapped its long-term emissions and clean energy targets, even after enjoying a period of windfall oil gains caused by the Iran conflict, in a decision described by climate campaigners as grossly negligent".
Australia's biggest oil and gas company recorded a 27% increase in sales profit to $1.67bn ($A2.33bn) in the six-month reporting period, according to financials lodged on Tuesday, after the price of crude surged amid disruptions to global supplies.
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