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Woodside urges carbon caution

Plans to introduce a cap-and-trade scheme for CO2 emissions is facing opposition from energy companies, writes Ian Lewis

GOVERNMENT plans for a cap-and-trade carbon emissions scheme could jeopardise large liquefied natural gas (LNG) projects, energy firms claim. Woodside Energy, which has been lobbying the government on behalf of the LNG industry, says Browse LNG is among the projects under threat. "Browse is big. It is costly and has higher carbon dioxide (CO2) reservoir content than our other projects. Of all of our LNG portfolio, Browse would be the project most adversely affected by an unfavourable emissions-trading scheme," Don Voelte, Woodside's chief executive, told reporters at a briefing in August. He said uncertainty over how much the proposed emissions scheme would cost the company could hold back

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