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Australia — Miles Herbert
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Woodside Energy, Australia’s biggest oil and gas company, has scrapped its long-term emissions and clean energy targets, even after enjoying a period of windfall oil profits caused by the war on Iran.
As Jonathan Barrett reports, the energy giant is doubling down on fossil fuels after recording a 27% increase in sales profit to $1.67bn ($A2.33bn) in the six-month reporting period, and is expecting even more financial gains by redirecting barrels of oil to markets willing to pay premium prices.
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Woodside Energy, Australia’s biggest oil and gas company, has scrapped its long-term emissions and clean energy targets, even after enjoying a period of windfall oil profits caused by the war on Iran.
This report is published with credit to The Guardian. Full available text from the wire is above. Read on The Guardian →
Source: The Guardian · Miles Herbert. Published 25 Aug 2026, 06:42 am.
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