Woodside Energy Group Ltd. sees a continued role for carbon credits because of the projected costs of tackling difficult-to-abate emissions.
Australia’s biggest oil and natural gas producer retired about 1.3 million credits last year and manages a portfolio of more than 20 million, it said Tuesday in an annual report. Using “credits as offsets remains an important part of Woodside’s approach to Scope 1 and 2 GHG emissions, due to the high potential cost of large scale abatement options,” it said.
