Conservation Council of Western Australia

Woodside ditches clean energy targets, shifts $7bn investment

Woodside Energy is abandoning its Scope 3 emissions targets and scrapping a US$5 billion plan for new energy products and lower-carbon services by 2030, shifting toward higher returns and reviewing projects like Beaumont New Ammonia as part of a broader strategic reset that coincides with a rise in half-year profits. The move drew sharp criticism from the Conservation Council of Western Australia, which called it grossly negligent and warned it betrays climate obligations while the company argues the energy transition pace requires reprioritization.