Adding the assets will potentially see Woodside become one of the world’s five biggest LNG producers and lift its oil output, but also emissions
Woodside Petroleum almost certainly won investor approval to boost global oil and gas production by adding BHP Group assets while also facing a rebuke on its climate accounting.
“A significant proportion of shareholders who have already voted on this item have not supported the report,” chair Richard Goyder said Thursday. BHP, the world’s largest miner, is shedding its oil and gas portfolio under a strategy shift that’s aimed at focusing on materials with greater exposure to clean energy and population growth, including potash and battery metals.
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