We conduct public interest financial analysis on the most profound economic transformation since the industrial revolution: the transition from fossil fuels to clean energy.

Woodside expects annual sales volumes to be almost 50 per cent higher in the 2030s than they are today but insists the company has not walked away from its “Paris-aligned climate targets”. O’Neill joined as Chief Operations Officer in 2018 and was appointed CEO in 2021, overseeing the $40 billion merger with BHP’s petroleum assets as the mining giant opted to reduce its carbon emissions and increase its exposure to the energy transition. Development of the US$17.5 billion Louisiana LNG (LLNG) project will catapult Woodside into the top echelon by enabling the company to deliver approximately 24 Mtpa from its global LNG portfolio in the 2030s, and operating over 5 per cent of global LNG supply. Read more

Expert view “The Safeguard Mechanism only accounts for Scope 1 direct emissions, and Woodside reports that Scope 3 is 93% of CY2024 total emissions (Scope 1-3). So, the vast majority of the massive nature of the climate bomb that is the North West Shelf is the exported emissions beyond the scope of the Safeguard Mechanism, including the methane burned in the electricity generation for the processing of methane into LNG. Woodside could progressively decarbonise their electricity emissions by incorporating solar, wind and BESS, but there is zero interest from the board or management leadership to do this so far. Read more

MWM has been calling for gas reservation for ten years. The problem is that 84% of gas is exported and, as energy analyst Tim Buckley puts it, “Ridiculously high domestic methane prices also massively drives the Australian energy cost of living crisis, both directly into homes and indirectly by driving up wholesale electricity prices. Gas electricity generators have charged an average A$200/MWh in 1HCY2025, double the $97/MWh NEM average to-date”. Read more