Woodside scraps clean energy target, posts 7% first-half profit rise

Woodside Energy has abandoned its $5 billion clean energy investment plan for 2030 and scrapped its longer-term emissions reduction target to focus on its core oil and gas business, reporting a 7% rise in first-half profit. The company cited economic challenges in clean energy investments and the geopolitical context of the Middle East crisis shifting focus back to fossil fuels.

This Wire brief sits within Fusion42's coverage of Climate Tech, and 2 sources have reported it.