19th Aug 2024 09:23
(Alliance News) - Woodside Energy Group Ltd on Monday said it and the Australian Conservation Foundation have agreed to dismiss the ACF's challenge to a primary environmental approval for Woodside's Scarborough Energy Project.
The ACF, represented by the Environmental Defenders Office, started the Federal Court of Australia proceedings in relation to the offshore environmental assessment of the Scarborough Energy Project in June 2022.
The proceedings had sought an injunction to stop offshore activities for the Scarborough project, but both parties have agreed to seek court orders to dismiss them.
Woodside further noted that the project "has been the subject of rigorous environmental assessments" by multiple regulators.
These include "the National Offshore Petroleum Safety & Environmental Management Authority; the Commonwealth Department of Climate Change, Energy, the Environment & Water; the Western Australian Department of Energy, Mines, Industry Regulation & Safety; the Western Australian Department of Water & Environmental Regulation and the Western Australian Environmental Protection Authority".
Woodside Chief Executive Officer Meg O'Neill said: "The Scarborough reservoir contains less than 0.1% carbon dioxide and combined with processing design efficiencies will be one of the lowest carbon intensity sources of liquefied natural gas delivered into north Asian markets.
"The Scarborough energy project will make an important contribution to energy security in Western Australia while providing energy to Asian economies as they decarbonise."
Woodside shares were 0.6% higher at 1,340.00 pence each on Monday morning in London.
By Tom Budszus, Alliance News slot editor
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