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The Latest Breaking News from Woodside

Corporate Australia just received a glowing profit report card, but the outlook is not as rosy

Reading between the spreadsheet lines, the annual earnings season gave a few hints of what is to come for corporate Australia and the broader economy over the next year.

ABC News

China 'very interested' in partnering with Timor-Leste on gas project, President José Ramos-Horta says

Timor-Leste's President José Ramos-Horta reveals China is "very interested" in partnering with his government on a contentious gas project.

ABC News

Timor should get gas pipeline: Ramos-Horta

East Timor president Jose Ramos-Horta has urged the Albanese government to help progress a lucrative gas project.

AAP

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East Timorese leader flies to Australia for critical talks

East Timor’s President Jose Ramos-Horta is scheduled to arrive in Australia for a state visit as negotiations over lucrative gas resources reach a critical stage for his impoverished nation

The Independent UK

Timor-Leste president to visit Australia

Timor-Leste President Jose Ramos-Horta is set to arrive in Australia as his country seeks to attract more investment and build ties with the Labor government.

AAP

Huge profits for fossil-fuel giants Woodside and Santos stoke calls for windfall tax

Senator David Pocock and Bob Carr among those urging Albanese government to claw back massive mining profits

The Guardian - AU

Woodside profit quadruples amid gas crisis

Australia's largest oil and gas company Woodside Energy has quadrupled profits on soaring prices amid a global energy crisis, boosted by assets bought from BHP.

AAP

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Market wrap: Australian house prices to fall further as earnings season enters home stretch

Woodside, Link Administration and St Barbara will report their June-half earnings this week. Meanwhile, house prices are set for further falls.

The New Daily

Federal government approves two new offshore greenhouse gas storage areas off WA and NT

The federal government issues permits for two new offshore greenhouse gas storage areas, off the coast of Western Australia and the Northern Territory.

ABC News

WA is the state with the most work to do to meet the federal government's emissions reduction target

Of all the states in Australia, WA has the most work to do to meet the federal government's target of reducing emissions by 43 per cent in the next seven years. Can it be done?

ABC News

3 High-Yield Dividend Stocks to Buy Right Now

Amid the persisting market volatility on concerns over high inflation and a looming recession, we think it could be wise to invest in fundamentally strong dividend-paying stocks Vodafone Group (VOD), Gilead Sciences (GILD), and BHP Group (BHP) for a steady income stream. Read more….

StockNews.com

‘No room for racism’ in AFL but it runs deeper than just verbal and online abuse

Slogans are meaningless if the league continues to partner with entities which are detrimental to Indigenous Australians

The Guardian - AU

Coalition government's pre-election carbon credit shake-up created 'sovereign risk', department warned

Then-energy minister Angus Taylor blindsided the carbon market with a decision that effectively ripped up contracts worth billions of dollars. Previously secret documents reveal the government was repeatedly warned about the chaos that could occur.

ABC News

Australia to consider indigenous objections to $3 billion urea plant

Australia's environment minister said on Friday she is considering an indigenous group's request to scrap a planned A$4.5 billion ($3.1 billion) fertiliser plant due to concerns about its potential impact on ancient indigenous rock art.

Reuters

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The Guardian - AU

Australian super funds include fossil fuels in ‘sustainable’ options, investor activists say

Market forces says its research shows ‘climate wrecker’ companies with interests in coal included in portfolios of ethical offerings

The Guardian - AU

Woodside and Santos reap bumper profits as Ukraine war drives energy prices higher

Oil and gas companies’ record sales figures come as Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax

ABC News

Afterpay's founders Anthony Eisen and Nick Molnar are Australia's highest-paid CEOs

Afterpay's co-CEOs and founders Anthony Eisen and Nick Molnar are Australia's highest-paid executives, collecting a combined $264.2 million – together they earn more than 2,800 times the full-time average wage.

The Guardian - AU

‘Cultural genocide’: Australian state putting industry before heritage, Indigenous women tell UN

Traditional owners urge Geneva panel to hold Western Australia and business accountable for cultural damage and fostering ‘chaos’ in Burrup Peninsula

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The Guardian - AU

Western Australia’s EPA urges 50-year extension of country’s most polluting gas project

Woodside’s North West Shelf gas development would release more than eight times Australia’s annual emissions if it continues to operate until 2070

ABC News

EPA gives green light to extend life of Woodside's North West Shelf project to 2070

Western Australia's environmental regulator recommends approval to extend the life of the North West Shelf gas project by almost 50 years, subject to strict conditions, including that it achieves net zero emissions by 2050, to help preserve Indigenous rock art in the area.

AAP

EPA nod for Woodside gas plant extension

Western Australia's environmental watchdog has recommended approval for Woodside to continue processing gas at its Karratha plant until 2070.

ABC News

Conservation group seeks injunction to stop Woodside gas project to protect Great Barrier Reef

A massive Woodside gas project approved in the Western Australia will contribute to damage to the Great Barrier Reef, conservation lawyers will argue.

AAP

ACF bid to halt Scarborough gas project

The Australian Conservation Foundation has asked a court to halt progress on the Scarborough gas project off Western Australia until reef impacts are assessed.

The Guardian - AU

First Nations group join Darwin festival protest over fossil fuel sponsorship

Open letter to festival board says Santos’ involvement threatens cultural integrity and amounts to ‘artswashing’

ABC News

How your spiking energy bills are making foreign investors rich

Australia's oil and gas resources are overwhelmingly exploited by global multinationals and most of these corporations pay no tax.

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