Environmentalists alarmed there is no written guarantee Woodside will meet decommissioning and remediation costs
Woodside Petroleum has not given a guarantee it will pay for billions of dollars in decommissioning and remediation costs linked to a portfolio of oil and gas fields it has agreed to take over from BHP.
Green groups say Woodside lacks credibility in paying for clean-ups after selling a floating rig, Northern Endeavour, for a nominal amount to a company that collapsed three years later without paying decommissioning costs estimated at between $200m and $1bn. Woodside has claimed the sale was reviewed by regulators and approved.
