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The Latest Breaking News from Woodside

Australian super funds include fossil fuels in ‘sustainable’ options, investor activists say

Market forces says its research shows ‘climate wrecker’ companies with interests in coal included in portfolios of ethical offerings

The Guardian - AU

Woodside and Santos reap bumper profits as Ukraine war drives energy prices higher

Oil and gas companies’ record sales figures come as Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax

The Guardian - AU

Afterpay's founders Anthony Eisen and Nick Molnar are Australia's highest-paid CEOs

Afterpay's co-CEOs and founders Anthony Eisen and Nick Molnar are Australia's highest-paid executives, collecting a combined $264.2 million – together they earn more than 2,800 times the full-time average wage.

ABC News

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‘Cultural genocide’: Australian state putting industry before heritage, Indigenous women tell UN

Traditional owners urge Geneva panel to hold Western Australia and business accountable for cultural damage and fostering ‘chaos’ in Burrup Peninsula

The Guardian - AU

Western Australia’s EPA urges 50-year extension of country’s most polluting gas project

Woodside’s North West Shelf gas development would release more than eight times Australia’s annual emissions if it continues to operate until 2070

The Guardian - AU

EPA gives green light to extend life of Woodside's North West Shelf project to 2070

Western Australia's environmental regulator recommends approval to extend the life of the North West Shelf gas project by almost 50 years, subject to strict conditions, including that it achieves net zero emissions by 2050, to help preserve Indigenous rock art in the area.

ABC News

EPA nod for Woodside gas plant extension

Western Australia's environmental watchdog has recommended approval for Woodside to continue processing gas at its Karratha plant until 2070.

AAP

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Conservation group seeks injunction to stop Woodside gas project to protect Great Barrier Reef

A massive Woodside gas project approved in the Western Australia will contribute to damage to the Great Barrier Reef, conservation lawyers will argue.

ABC News

ACF bid to halt Scarborough gas project

The Australian Conservation Foundation has asked a court to halt progress on the Scarborough gas project off Western Australia until reef impacts are assessed.

AAP

First Nations group join Darwin festival protest over fossil fuel sponsorship

Open letter to festival board says Santos’ involvement threatens cultural integrity and amounts to ‘artswashing’

The Guardian - AU

How your spiking energy bills are making foreign investors rich

Australia's oil and gas resources are overwhelmingly exploited by global multinationals and most of these corporations pay no tax.

ABC News

Scientists warn backing fossil fuel projects like Woodside's Scarborough will make meeting climate targets more difficult

Climate scientists are warning now is not the time to back big new gas developments, as the new Albanese government throws its support behind Woodside's mega Scarborough gas projects.

ABC News

The ultra-polluting Scarborough-Pluto gas project could blow through Labor’s climate target – and it just got the green light

The Albanese government has this week thrown its support behind what’ll be one of Australia’s most polluting developments: the Scarborough-Pluto gas project in Western Australia.

The Conversation

Government engaging with Woodside over gas

The government is working with the energy sector to increase gas supply in the short term as international prices burgeon off the back of market pressures.

AAP

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ABC News

WA industries are big polluters, and Labor's 2030 emissions target could hit them hard

Green groups say Australia's biggest polluters have been allowed far too much "wriggle room" under a scheme designed to lower carbon emissions. But will things be any different the new federal government?

AAP

Woodside shareholders back BHP oil merger

Woodside shareholders have backed the company's merger with BHP's petroleum arm, creating a new global heavyweight.

The Guardian - AU

Industry call for Australia to ‘unlock wealth’ of new oil and gas fields at odds with IEA warning

Increasing supply is ‘absolutely part of the solution’ to decarbonising the economy, Appea chair tells conference

The Guardian - AU

‘Our ancestors are in the rocks’: Australian gas project threatens ancient carvings – and emissions blowout

Custodians of petroglyphs in remote north-west say Woodside’s $12bn ‘carbon bomb’ spells disaster for culture and climate

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Al Jazeera

Australia looks to fill Asia’s energy gap amid Ukraine crisis

Australia is seeing increased demand for its liquefied natural gas and coal as war and sanctions upend energy supplies.

ABC News

Oil giant Shell feels heat over giant $21 billion Prelude floating LNG plant

It was supposed to be the dawn of a new era, but Shell's $21 billion Prelude has been blighted by problems and there are claims it may never pay Australia a cent in royalties.

Newcastle Herald

PM visits big greenhouse gas emitter while sledging Labor's energy plan

The Coalition visited a fossil fuel company the same day it attacked Labor on it energy and climate plans.

The Guardian - AU

Australia’s new gas projects to struggle financially after 2030 if 1.5C climate goal met, report says

Analysis from Investor Group on Climate Change places economic viability of eight major fossil fuel projects in doubt

Benzinga

Morning Brief: Top Stories Dominating Financial Media on Friday, April 8

Reuters

Benzinga

KPMG Says Woodside Investors To Benefit From $40B Merger With BHP Petroleum Arm: Reuters

According to an independent expert, Woodside Petroleum Ltd's (OTC: WOPEY) merger agreement with BHP Group Ltd's (NYSE: BHP) petroleum arm is in the best interest of its shareholders, valuing the c

ABC News

Woodside's controversial Scarborough LNG project gets final approval amid climate warnings

Final government approvals are granted for Woodside's controversial Scarborough LNG project off WA's north west coast, just days after a major report warns of the catastrophic dangers of fossil fuel emissions.

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