For the board and executive leadership of Woodside, we view our response to climate change not only as a responsibility, but a great opportunity. We are determined to succeed through the energy transition, for the benefit of our shareholders, our 4500 employees, our communities and our environment.
In relation to time, the investment challenge for the energy transition is vast and will take decades, even with supportive policy and technological change. Let me be clear, Woodside does not hold this view because we are agnostic or uncertain about the importance of a successful energy transition. Managing the transition carefully and realistically will increase the likelihood that it succeeds.
Hundreds of thousands of Australians are either direct or indirect investors in Woodside through their superannuation funds. We take our responsibility to them as seriously as our commitment to acting on climate change.with action under way across our operations. Finally, the energy transition will not succeed without trust – including a shared commitment to facts and reason from all parties engaged in the climate debate. Noble ambitions are not enough, and dashed hopes are what come from not backing ambition with achievable plans.This is why I continue to engage closely with investors on our response to climate change, seeking to ensure that Woodside meets their expectations of us as a responsible energy producer.