Woodside Energy Group Chair Says Maintaining Stable Fiscal, Policy Environment Critical For Australia
Woodside Energy Group (ASX:WDS) Chair Richard Goyder said that maintaining a stable fiscal and policy environment, including the tax regime, is critical for Australia, according to a Thursday statement.Goyder said that Woodside and its partners are investing AU$12.5 billion in the Scarborough energy project off the coast of Western Australia, and they have "yet to earn one dollar from making this huge investment, but it has generated more than 3,000 local construction jobs, and it will provide enough energy for approximately eight million homes for 30 years."The firm contributed AU$2 billion Australian dollars in taxes, royalties, and levies to Australian federal and state governments, Chief Executive Officer and Managing Director Liz Westcott said.The firm's shares were up 2% in recent trading on Thursday.