Woodside tips in cash as Labor fights to get its employee into parliament
WA Labor has used the advantages of incumbency to raise $1.6 million since May, ahead of a by-election in the once safe seat of Secret Harbour.
The Woodside-operated remote Browse gas fields off the Kimberley coast have been planned to supply various LNG projects over two decades without success, held back by cost, distance and a high level of carbon dioxide in the gas. BP is the major shareholder.
Woodside has told investors it can afford to bury CO2 from its Browse LNG project just months after telling regulators it was a "high-risk, high-cost" option.
Woodside had planned for 2020 and 2021 to be years of growth but now the Scarborough and Browse LNG projects are deferred and $US20.4 billion slashed from this years' budget as it joins its peers in survival mode.
Delay to Woodside's big growth bet on the "Burrup Hub" Scarborough and Browse LNG projects looks more likely with Woodside warned not to overspend as its partners trim their budgets.
Woodside's Scarborough and Santos' Barossa LNG projects unlikely to happen this year as planned according to oil and gas experts Wood Mackenzie.
Woodside risks LNG demand squeezed by cheaper renewables not lasting long enough for decent payback from its Scarborough and Browse projects.
Woodside buried deep in a huge environmental approval report for Browse LNG a risk it may have to buy massive amounts of carbon offsets.
Woodside's environmental approval submission for its $US20.5B Browse LNG project shows negligible efforts to rein in carbon emissions.
WA is the only state in Australia with rising emissions on the back of new LNG projects that will make meeting Paris Agreement emissions reductions very dificult.
Woodside and ConocoPhillips are gravitating toward the cheapest development options for their Browse and Barossa gas fields to compete with low-cost Qatar.
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