Wire · operational-macro
Woodside scraps clean energy target, posts 7% first-half profit rise
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Fusion42 · 25 August 2026 · Fusion42 review
Woodside Energy has abandoned its $5 billion clean energy investment plans and its longer-term Scope 3 emissions reduction target to refocus on its core oil and gas business after a 7% profit rise in the first half of 2026. The company will review its Beaumont New Ammonia asset in Texas and cut costs as it maintains its 2026 production and capital expenditure guidance.
This Wire brief sits within Fusion42's coverage of Climate Tech, and 2 sources have reported it.
◆ ◆ The Wire takeaway
You in clean energy investing face tougher economics as Woodside pulls back $5 billion in spending and ditches its Scope 3 target, shifting focus to oil and gas profits. This signals a tightening market where clean projects struggle for finance and demand, forcing a rethink on investment timing or strategy.
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2 sources · 25 Aug 2026
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