Investment

Woodside's US$2.35bn gamble raises doubts

The energy giant's US$2.35 billion ammonia buyout may placate many shareholders, but the high price paid has raised alarms given the yet-to-be-operational plant hinges on possibly impermanent carbon capture.

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Read more: Australian Conservation FoundationClimate Energy FinanceJonathan MoylanMeg O'NeillOCI Clean Ammonia HoldingS&P GlobalTim BuckleyWoodside Energy Group LtdWorld Benchmarking Alliance