Woodside scraps long-term emissions and clean energy targets despite windfall oil profits

Woodside Energy, Australia's largest oil and gas company, has abandoned its long-term emissions reduction and clean energy targets despite recording a 27% increase in sales profit to $1.67 billion during a six-month period. The company benefited from windfall profits driven by crude oil price surges caused by supply disruptions related to the Iran conflict. The decision to scrap environmental commitments while experiencing record profits has drawn scrutiny.