@thetruism · Updated 37d ago
Woodside scraps clean energy target as profit rises
Woodside Energy has abandoned its $5 billion clean energy investment target, citing low market demand for lower-carbon technologies, alongside reporting a 7% rise in first-half profit.
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Woodside scraps clean energy target
- Woodside Energy scrapped its target to invest $5 billion in new energy and lower-carbon services by 2030 due to slow customer demand.
- Woodside reported a 7% increase in first-half net profit after tax to $1.63 billion.
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Live updates
- Aug 26 · 3:30 AM
Woodside dropped its Scope 3 emissions target while reporting a 7% profit rise.
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- How climate activist groups and institutional shareholders will react at upcoming company meetings.
- Whether Woodside will establish alternative targets to manage its emissions transition.
Update & correction history
- Aug 26 · 3:30 AM
Woodside dropped its Scope 3 emissions target while reporting a 7% profit rise.
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