Woodside dramatically expands oil and gas exploration spend despite net zero pledge

Australia’s largest oil and gas producer stands accused of distracting from credible action to cut emissions by greenwashing its fossil fuel plans

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Australia’s largest oil and gas producer, Woodside Energy, has expanded its focus on fossil fuel exploration and increased its direct greenhouse gas pollution since announcing it had an “aspiration” of reaching net zero emissions.

Woodside’s spending on looking for new oil and gas reserves was $160m in 2019 and dipped to $96m in 2021 – a year affected by the Covid-19 pandemic – before rising to $418m in 2022, according to a report by the Australian Conservation Foundation.

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