Huge risk in Scarborough investment
Alex Hillman, who worked as an engineer and lobbyist at Woodside for more than eight years and now works for the Australasian Centre for Corporate Responsibility (ACCR), told ABC News, big new fossil fuel projects would not fix today's energy problems but would exacerbate the climate crisis.
"Energy exporters, like Woodside, are talking a lot about increasing their supply as customers look for alternatives to Russian energy," he said.
"But building major fossil fuel projects takes years, so they can't fix today's energy problems. Meanwhile, gas importers have realised that domestic renewable energy is cheaper, cleaner, faster to build and provides higher levels of energy security than LNG imports. By this time, countries will have had plenty of time to reduce their gas dependency, creating huge risk for this investment."
Watch the full story via ABC 7.30