Woodside ditches clean energy targets as oil profits surge 27 per cent
Australia's largest oil firm scrapped its $7 billion clean energy investment commitment. Profits jumped to $2.33 billion and it boosted shareholder payouts.
Why it mattersThe move signals a major Australian company is abandoning climate-friendly investment plans when oil profits are highest. It leaves decarbonisation to others.
AustraliaAs Australia's peak oil producer retreats from clean energy, the nation loses a heavy hitter in the shift away from fossil fuels and depends more on others to lead.
✓ Claims checked against the source and corrected before publish. checked 23 h ago
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