Woodside Energy, Australia's largest oil and gas firm, has decided to eliminate its long-term emissions and clean energy goals, despite reporting a 27% increase in sales profit to $1.67 billion over the past six months. This profit surge is attributed to increased crude oil prices due to global supply disruptions linked to the Iran conflict.
Under new leadership, the company is shifting focus back to fossil fuels, stating that its new energy strategies will be driven by market demand rather than previous decarbonization targets. This decision comes as climate activists call for accountability from major polluters amid worsening climate conditions worldwide.