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The Guardian - AU
The Guardian - AU
Environment
Graham Readfearn

Woodside has huge plans to drill for oil and gas – and to meet its climate targets. How does it do it?

An oil refinery
An oil refinery owned by Pennex, Mexico’s state-owned oil exploration and production company. Pennex is working with Woodside to extract about 479m barrels of oil and gas from the Gulf of Mexico. Photograph: Henry Romero/Reuters

The Australian energy giant Woodside is spending $7bn to drill for 479m barrels-worth of oil and gas off the coast of Mexico, but it says this is all in line with keeping global heating to 1.5C.

How?

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