Woodside Abandons Climate Targets as War Profits Surge

Woodside Energy has scrapped its long-term emissions and clean energy targets, despite recording a 27% increase in sales profit to $1.67bn ($A2.33bn) in the six-month reporting period. Australia's biggest oil and gas company announced it would drop its commitment to invest $US5bn ($A7bn) in new energy products such as hydrogen by 2030. Under new CEO Liz Westcott, Woodside is doubling down on fossil fuels while shifting away from decarbonization targets, saying the original...