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Woodside’s (ASX:WPL) controversial gas project heads to court

ASX 200, Economy
ASX:WPL
20 December 2021 14:35 (AEST)

Source: Woodside Petroleum.

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.

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