Woodside to receive $40 million for CCS

by Callum Foote | Apr 20, 2022 | Lobbyland

Yesterday, Prime Minister Scott Morrison announced $40 million in taxpayer money to Woodside Energy for the implementation of Carbon Capture and Storage (CCS) technology.

Last financial year, Woodside recorded a $1.6 billion profit.

CCS has widely been panned as an ineffective means of reducing carbon emissions, with the Clean Energy Finance Corporation banning finance to CCS projects as they support fossil fuel production.

Woodside has donated hundreds of thousands of dollars to both Labor and Liberal in the form of memberships worth $110,000 a pop according to a MWM investigation.

Callum Foote is a reporter for Michael West Media.
Callum can be contacted on [email protected]

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