# Woodside scraps long-term emissions and clean energy targets after Iran war windfall

https://mins.news/en/item/31218

- The Guardian, 2026-08-25 03:29 UTC
- Economy
- Original: https://www.theguardian.com/australia-news/2026/aug/25/woodside-scraps-emissions-clean-energy-targets-australia

> Australia’s biggest oil and gas company, Woodside Energy, has abandoned its long-term emissions and clean energy targets after its sales profit rose 27% to $1.67bn amid an oil-price surge linked to the Iran conflict. It is also dropping a commitment to invest $5bn in new energy products by 2030 and is refocusing on fossil fuels under CEO Liz Westcott.