Afternoon Update: Woodside scraps clean energy targets; Sydney property developer collapses; and Japan’s moving castle
Want to get this in your inbox every weekday? Good afternoon. 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…
Woodside Energy, Australia's largest oil and gas company, has abandoned its ambitious emissions and clean energy goals, despite reaping substantial profits from the ongoing conflict in Iran. The company's sales profits surged by 27% to reach $1.67 billion in the latest six-month reporting period. Chairman Ina Teder expressed confidence that this trend would continue as Woodside directs its oil shipments towards markets willing to pay higher prices.
Written by urgent.news from The Guardian Australia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
