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What will be the impact of Woodside's Scarborough LNG project on the company's stock price by December 31, 2024?
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Woodside Energy•Australian Conservation Foundation•Scarborough LNG•Scarborough•Woodside•Ben Morton•Liberal
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Story
Woodside's Scarborough LNG Project Advances After Legal Challenge Dismissed
Aug 19, 2024, 04:31 AM
Woodside Energy has reached an agreement with the Australian Conservation Foundation to dismiss a legal challenge against its $12.5 billion Scarborough LNG project. This development allows the project to move forward with all primary environmental approvals in place. The Scarborough project is a significant part of Woodside's strategy to capitalize on rising global gas demands. The decision to dismiss the challenge marks a critical step for the project, which had been a focal point of environmental opposition. Additionally, Woodside has hired Ben Morton, a former Liberal MP, as an external consultant amid ongoing political debates surrounding the company.
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