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A $12 Billion Gas Project Is Sparking a New Climate Debate

  • Project will help shift away from coal, Woodside CEO says
  • Campaigners see development at odds with global climate action
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WATCH: Woodside CEO O’Neill discusses the company’s partnership with BHP on a LNG project, limiting emissions from the project and the market for LNG.Source: Bloomberg
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A $12 billion liquefied natural gas investment approved in Australia leads a wave of projects betting demand will rise as the world shuns more polluting alternatives like coal.

The development of the Scarborough field, Pluto onshore processing facility and a 430-kilometer (267-mile) subsea pipeline led by Woodside Petroleum Ltd. will supply as much as 8 million tons annually for at least 20 years, with first cargoes expected from 2026.