Woodside CEO, Meg O’Neill’s comments came as new analysis from the Climate Energy Finance group found Woodside would be hit with a $63bn carbon credits bill out to 2050 under the safeguard reforms if it goes ahead with its Browse and Scarborough LNG projects in WA.
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Via AAP syndicated in Canberra Times and a hundred plus mastheads. Climate Energy Finance (CEF) has tallied the cost based on the recently legislated emissions safeguard mechanism and the development of the proposed Browse and Scarborough mega-gas fields o the WA coast, if emissions at existing gas facilities are not cut. CEF is calling on the board to urgently re-evaluate the investment case for the projects, and use the recently legislated safeguard mechanism to invest in emissions reduction at its existing facilities.
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