Labor's emissions target could cost Wheatstone US$120M-$150M per year: WoodMac

CONSULTANCY Wood Mackenzie believes Labor will win the upcoming Australian election but it suggests the party’s 45% emissions target will hit LNG export concerns on the west coast, a price mechanism in the ADGSM will deter exploration, and Labor’s $1.5 billion Queensland pipeline splash is unviable. 

Labor's emissions target could cost Wheatstone US$120M-$150M per year: WoodMac Labor's emissions target could cost Wheatstone US$120M-$150M per year: WoodMac Labor's emissions target could cost Wheatstone US$120M-$150M per year: WoodMac Labor's emissions target could cost Wheatstone US$120M-$150M per year: WoodMac Labor's emissions target could cost Wheatstone US$120M-$150M per year: WoodMac

Labor's emissions plans may cost LNG producers

Labor has a 45% emissions reduction target between 2005-2030 and a net-zero pollution target by 2050, meaning carbon-intensive companies will be hit hard, including Woodside and Chevron, and mining