Natural gas is the natural step to net zero, and the natural partner to renewables.

We support the goal of the Paris Agreement to limit global temperature rises to well below 2 degrees Celsius. At Woodside, we want to be net zero for our operations by 2050. 

Natural gas has a significant role to play in the world's energy transformation as the lowest emission hydrocarbon fuel.

Independent expert analysis by Environmental Resources Management (ERM), critically reviewed by Australia's CSIRO, shows Woodside’s Browse and Scarborough gas projects could avoid 650 million tonnes of CO2-equivalent emissions between 2026 and 2040, by replacing higher emission fuels in countries that need our energy.

This means for every tonne of greenhouse gas (GHG) emitted in Australia from our projects, about 4 tonnes of emissions are reduced globally.

Renewables are also a big part of the journey to net zero, and we are investing in lower and zero carbon energy sources for the future.

Because it’s reliable, gas is the natural partner to renewables, helping the lights stay on and the fridge stay cold when the wind isn't blowing or the sun isn’t shining. 

As Australia’s leading natural gas producer, we’re part of a better future.

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"Natural gas is already making it possible for nations to transition to a reliable, and relatively low emissions, electricity supply."

- Chief Scientist of Australia, Dr Alan Finkel, addressing the National Press Club in February 2020. Experts agree that natural gas has a role to play. The 2014 report of the Intergovernmental Panel on Climate Change (IPCC) notes that “GHG emissions from energy supply can be reduced significantly” by switching to gas. According to the IPCC, electricity generated from gas has on average half the greenhouse emissions of electricity generated from coal.

Read the Chief Scientist's full speech
45 %
increase in LNG demand by 2030

IHS Autonomy forecast; comparison made between 2017 actual and 2030 forecast.

We have offset over 850,000 tonnes of CO2-equivalent emissions

Planting trees plays a significant role in reducing global greenhouse gas emissions. Our offsets team is working with Greening Australia to plant about 7.5 million native trees in Australia, bringing parallel restoration benefits and local community opportunities.

Taking action to limit emissions

We are pursuing a range of initiatives independent of our joint venture partners to reach our aspiration to be carbon-neutral by 2050, including:

  • A commitment to offset equity reservoir CO2 emissions across our global portfolio from 2021 (approximately 20% of our current GHG emissions). 
  • A partnership with Greening Australia to plant about 7.5 million native trees. We have invested over A$100 million in biosequestration to date.
  • A target to improve energy efficiency by 5% against baseline over 2016-20, with a new 5% target for 2021-25.
  • Using battery storage to reduce fuel gas consumption.
  • Developing new markets for LNG as a lower-emissions fuel in trucking and shipping.
  • Investing A$40 million in research to progress Australia's transition to a lower-carbon economy through the Woodside Monash Energy Partnership.
  • Diversifying our business into supplying lower and zero carbon energy sources for the future. We are investigating the potential for hydrogen and exploring technologies that use carbon dioxide at scale.

 

 

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"We must develop resources in a way that is as carbon-efficient as possible. It’s up to us, as industry leaders, to ensure this is prioritised."
Peter Coleman
Chief Executive Officer and Managing Director

Sustainability data hub

Woodside has an active role to play in contributing to the well-being of our communities and creating a more sustainable future.

Explore our sustainability data
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Committed to reducing our emissions
Woodside is proud to be a signatory to The World Bank's Zero Routine Flaring by 2030 initiative.
Woodside acknowledges Indigenous people's connections to land, water and community. We pay our respects to ancestors and elders - past, present and emerging. We recognise the many contributions Indigenous people make to our business, as community members and employees.