Woodside in carbon pricing shift as impairments rise

摘要

Australia’s leading upstream frms are making heavy asset impairments to refect lower oil and gas price assumptions, but only Woodside Petroleum is stepping up energy transition planning after doubling its long-term carbon price assumptions. Sector champion Woodside has announced impairments totalling $3.92bn amid the Covid-19 downturn, and increased its long-term estimate for carbon prices to $80/t of CO2 equivalent (CO2e) from $40/t CO2e. At the frm’s annual general meeting in April, there was an unprecedented number of votes in support of reso- lutions brought by shareholder activists to get Woodside to align its activities with the Paris climate agreement, although these resolutions were not enforced.