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Woodside Scraps $5 Billion Clean-Energy Plan and Scope 3 Target to Push LNG

Woodside Energy logoWoodside Energy
Sig6.25Sen-5.85Env-7.60Soc-3.20Gov-4.75

Woodside Energy will scrap its $5 billion clean-energy investment target by 2030, retire its scope three emissions-abatement goal, and redirect capital to LNG and other fossil fuel expansion. The company cites changing customer appetite for lower-carbon products and says the move changes how projects are prioritized. Net income rose 27% to $1.7 billion in the first half of 2026.

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