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Tag: decarbonization

Woodside reports half-year profit of $1.94 billion after key project milestones

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Woodside reports half-year profit of .94 billion after key project milestones

Woodside reported net profit after tax (NPAT) of $1.94 billion for the half year. Underlying NPAT was $1.63 billion, a 14% decrease from the same period in 2023. The company generated operating cash flow of $2.4 billion and positive free cash flow of $740 million. Woodside had a strong liquidity position at $8.48 billion. The […]

World Bank’s record-breaking $225 million bond issue finances reforestation in the Amazon region • Carbon credits

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World Bank’s record-breaking 5 million bond issue finances reforestation in the Amazon region • Carbon credits

The World Bank, through its lead arm, the International Bank for Reconstruction and Development (IBRD), has issued a 9-year bond worth US$225 million. This bond supports carbon removal by financing reforestation in the Brazilian Amazon rainforest. Exploring the world bank Carbon removal bond Jorge Familiar, Vice President and Treasurer of the World Bank, noted: “A […]