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Woodside scraps emissions targets after 27% profit surge from Iran war oil windfall
Australia's biggest oil and gas company, Woodside Energy, has abandoned its long-term emissions reduction and clean energy targets after posting a 27% increase in sales profit to $1.67bn (A$2.33bn) for the latest six-month period. The windfall was driven by surging crude prices amid supply disruptions linked to the Iran conflict. The decision to scrap climate targets despite record profits has drawn sharp criticism from environmental groups.
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