Asia Pacific > Compliance Markets & Taxes > Woodside Energy faces billions in liability costs thanks to Safeguard Mechanism, as AGM climate revolt looms

Woodside Energy faces billions in liability costs thanks to Safeguard Mechanism, as AGM climate revolt looms

Published 08:57 on April 19, 2023 / Last updated at 09:02 on April 19, 2023 / / Asia Pacific (Compliance Markets & Taxes, Pacific)

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Australian-based Woodside Energy and its partners could face a compliance obligation of up to A$63 billion ($42.3 bln) to 2050 from new and existing gas facilities as a result of the strengthened Safeguard Mechanism, according to new research, as its board faces potential revolt from disgruntled shareholders at its upcoming AGM this month.
Australian-based Woodside Energy and its partners could face a compliance obligation of up to A$63 billion ($42.3 bln) to 2050 from new and existing gas facilities as a result of the strengthened Safeguard Mechanism, according to new research, as its board faces potential revolt from disgruntled shareholders at its upcoming AGM this month.


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