PERTH, Tuesday 12 Could 2026 — In response to Woodside’s Browse financial modelling launched yesterday, the next feedback could be attributed to WA Marketing campaign Lead at Greenpeace Australia Pacific, Geoff Bice:
“Greenpeace has analysed Woodside’s report on the polluting Browse gasoline undertaking in opposition to impartial modelling of WA’s vitality system and emissions, and located obvious holes within the case made for the undertaking.
“Woodside has reached a brand new low by modelling WA’s emissions discount and vitality transition pathway based mostly on wildly costly and dangerous decarbonisation choices merely to justify its reckless Browse improvement at Scott Reef, initially rejected by the WA Environmental Safety Authority on environmental grounds.
“The WA Authorities can not permit local weather coverage to be directed by local weather vandals like Woodside. The clearest approach to get WA’s emissions down is by setting clear emission discount targets, which Greenpeace continues to name for.”
Key factors from Greenpeace’s evaluation of Woodside’s modelling observe:
Gasoline is the costliest type of accessible electrical energy technology, based on the CSIRO; IEEFA additionally discovered that Browse gasoline can be about 4 instances increased than the present common manufacturing value of home gasoline in WA.
Direct air seize (DAC): The mannequin assumes WA will have the ability to seize 6.9Mt of CO2/yr by 2050. Worldwide, the present whole volumes captured are 0.01 Mt CO2/yr. DAC is presently priced at a minimal of $USD-400/tonne with many estimates ranging increased. Even decreased to $200/tonne, the fee per yr of the volumes modelled turns into a staggering $1.38 billion, or $34.5 billion by 2050.
Carbon dumping, or carbon seize and storage (CCS): The mannequin requires 40 instances the quantity of sequestration that occurred final yr at WA’s solely CCS operation on Barrow Island (32.4Mt in comparison with 1.3Mt). Barrow Island CCS has constantly failed to fulfill necessities and final yr alone value $344m (at 265 AU$/tCO2). At these costs the Woodside modelling leads to a value per yr by 2050 to be $8.6 billion.
Woodside’s Pluto gasoline facility has been supplying lower than 4% to the WA market, far wanting the 15% required below the WA home gasoline reservation coverage.
Woodside consists of $1.6 billion payable by way of the Offshore Petroleum Levy. The Levy was carried out to offset offshore decommissioning prices to the taxpayer however is ready to run out in 2030 — 3 years earlier than the Browse area is proposed to return on-line.
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Excessive res pictures and photographs of Scott Reef could be discovered right here
Media contacts:
Emma Sangalli on 0431 513 465 or [email protected]
Kate O’Callaghan on 0406 231 892 or [email protected]
