Loading...

Please wait while we get things ready for you

Lavamgam

The whole news day, read for you in 5 minutes.

Instagram

Product

News
Summaries
Analysis
AI Chat
Newsletter
RSS Feed

Company

About Us
Features
Pricing
Contact Us
Help Center

Legal

Privacy Policy
Terms of Service
Cookie Policy
Refund Policy
Report Content

Corporate and Political Pushback Reshapes Australia's Climate Agenda | Lavamgam

Energy

Negative

Corporate and Political Pushback Reshapes Australia's Climate Agenda

Woodside Energy has scrapped its long-term emissions and clean energy targets, abandoning a $US5bn commitment to invest in new energy products like hydrogen by 2030. The decision, coming after a 27% surge in sales profit to $1.67bn ($A2.33bn), signals a stark doubling down on fossil fuels as windfall oil profits outweigh climate ambitions.