市场见解

Woodside (ASX:WPL) share price ends higher on Wednesday after energy giant vows to fight Pluto legal challenge

Environmentalists want lifetime emissions impacts worked into any new project approvals.
The post Woodside (ASX:WPL) share price ends higher on Wednesday after energy giant vows to fight Pluto legal challenge appeared first on The Motley Fool Australia. –

The 能源 - 伍塞德石油 (ASX: WPL) share price has clawed back from earlier losses today to finish Wednesday’s trading session up 0.33%.

Shareholders of the S&P/ASX 200 Index (ASX: XJO) energy giant will have been closely following the company’s progress on commencing its $16.5 billion Western Australian Pluto LNG project.

The project, projected to provide 30 years of LNG exports once it’s finished in 2026, has received the green light from Western Australian regulators, but is facing a last minute legal challenge.

What’s the basis for the Pluto legal action?

As The Motley Fool reported on 19 November, Woodside says its development plans have been reviewed by the WA Environmental Protection Authority, the Australian Department of Agriculture, Water and the Environment, and the National Offshore Petroleum Safety and Environmental Management Authority.

But an environmental group doesn’t believe regulators took into account the lifetime greenhouse gas emissions the project may release.

Woodside now has received official notice that the Conservation Council of Western Australia will challenge the works approval for the Pluto Train 2 project in the Supreme Court of Western Australia.

The Environmental Defenders Office, representing the Conservation Council of Western Australia, tweeted:

Our client will argue that a key approval for expansion of Woodside’s Pluto LNG facility – a major component of the Scarborough gas proposal – was unlawful, as it failed to properly consider and control the environmental harm generated by the development’s GHG emissions…

Governments and regulators should be doing everything in their power to properly assess and control any additional emissions to mitigate the risk of climate related extreme weather events to the Australian people.

In a release, Woodside reiterated that it has complied with the state’s “regulatory requirements and environmental processes in seeking and receiving its approvals“, adding that it “will vigorously defend its position”.

Woodside share price snapshot

The Woodside share price is down 5% in 2021. By comparison the ASX 200 is up 10% year-to-date.

Over the past month, Woodside shares have dropped 8%.

The post Woodside (ASX:WPL) share price ends higher on Wednesday after energy giant vows to fight Pluto legal challenge appeared first on The Motley Fool Australia.

Should you invest $1,000 in Woodside Petroleum right now?

Before you consider Woodside Petroleum , you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Woodside Petroleum wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

ASX shares to buy for the Omicron COVID outbreak

5 things to watch on the ASX 200 on Wednesday

Why is the Woodside (ASX:WPL) share price climbing today?

5 things to watch on the ASX 200 on Tuesday

ASX 200 (ASX:XJO) midday update: Omicron hits Flight Centre, Domino’s jumps

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!