Source: Woodside Petroleum.
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Woodside Petroleum’s (WPL) Scarborough gas development is being challenged by climate activists in WA’s Supreme Court
  • The Conservation Council of WA (CCWA) is challenging WA’s Environmental Protection Authority (EPA) approvals that allowed the offshore LNG project to go ahead
  • In particular, CCWA argues the EPA allowed the approvals to change without undertaking further assessment of the potential environmental impact
  • Climate activists estimate the energy giant’s development will produce an additional 1.6 billion tonnes of carbon emissions over the next 25 years
  • Woodside recently completed its final investment decision (FID) for the Scarborough and Pluto Train 2 assets, arguing they’ll be one of the lowest carbon sources of LNG globally
  • Woodside’s shares are down 3.42 per cent to trade at $21.15

Woodside Petroleum’s (WPL) Scarborough gas development is being challenged by climate activists in WA’s Supreme Court.

The Conservation Council of WA (CCWA) has taken the WA’s Environmental Protection Authority (EPA) to court over its approvals that allowed the LNG project to go ahead.

The case will be heard on Monday, with CCWA arguing the EPA allowed the approvals to change without undertaking further assessment of their potential environmental impact.

Climate activists estimate the energy giant’s natural gas development will produce an additional 1.6 billion tonnes of carbon emissions over the next 25 years.

While WPL wants to further develop the Scarborough gas field  through new offshore facilities, which will be connected by a pipeline to a second LNG train (Pluto Train 2) at the existing Pluto LNG onshore facility.

The ASX-20 lister recently completed its final investment decision (FID) for the Scarborough and Pluto Train 2 assets, arguing they’ll be one of the lowest carbon sources of liquefied natural gas globally.

But, CCWA Executive Director Maggie Wood said the impacts from processing additional amounts and additional sources of gas need to be assessed properly.

“This is the biggest fossil fuel development proposed in Australia for a decade at a time when our country should be rapidly decarbonising,” she said.

We believe that all developers – but particularly developers of highly contentious fossil fuel projects – should be held to the same consistently high standards and measures.

“It is for this reason that CCWA has pursued this matter in the Supreme Court of WA.”

Woodside’s shares were down 3.42 per cent to trade at $21.15 at 2:37 pm AEDT.

WPL by the numbers
More From The Market Online

NextDC lands ChatGPT owner OpenAI as big-fish customer worth as much as $7 billion

NextDC (ASX:NXT) has agreed to build a blockbuster $7 billion data centre in Sydney’s Eastern Creek for ChatGPT owner OpenAI, which will
Close up of BHP sign on the office building in Melbourne.

BHP spoke to Anglo American again, but won’t be making another formal approach

BHP Group had been interested in potentially muscling in on Canadian miner Teck Resources' planned Anglo…
Chris Ellison presenting at a Mineral Resources MinRes AGM meeting.

‘Ignore the noise’: Ellison to stay after MinRes bins founder’s original exit deadline

Chris Ellison will remain in power at Mineral Resources indefinitely after chairman Malcolm Bundey scrapped his…
CSL information on the logo of the office facade.

CSL to pour $2.3 billion into US investments in attempt to dodge Trump’s tariffs

CSL Ltd will be wielding as much as $2.3 billion as a weapon against Trump's U.S.…