Woodside to Deliver $50M for WA Community through New Government-industry Joint Initiative

Source: 11/22/2022, Location: Not categorized

Woodside Energy (Woodside) has continued its track record of contribution to Western Australian communities, announcing a A$50 million commitment to the Resources Community Investment Initiative (RCII) announced today by Premier Mark McGowan.

CEO Meg O’Neill said Woodside was pleased to join with the WA Government and other industry participants to establish the RCII, which will facilitate investment in infrastructure projects and community and social initiatives across WA.

“For more than three decades we have built strong relationships in WA, underpinned by significant social investment and economic contribution aimed at creating a positive legacy for the communities where we live and work.

“Woodside’s founding commitment of A$50 million to the RCII provides an exciting new opportunity for us to continue this positive contribution to the people of WA.

“While Woodside’s global footprint has grown significantly following our merger with BHP Petroleum, we remain a proudly WA-headquartered company. Woodside’s significant contribution to the RCII demonstrates our ongoing commitment to continue supporting local communities for years to come,” she said.

WA Premier Mark McGowan said the strength of WA’s economy placed government and the industry in the best position to set up Western Australia for the long-term.

“I commend the efforts of Woodside as a founding partner of the initiative and acknowledge their leadership in contributing to our State in this capacity.

“I look forward to their continued support and seeing some iconic State projects delivered, which will have lasting benefits for generations,” he said.

Under the terms of the RCII, Woodside will nominate the projects it proposes to direct funding towards, with individual project agreements to be established with agreed project milestones.

United Kingdom >>  3/21/2023 - SSE is providing a £100 million investment boost into what can be Britain’s biggest pumped hydro storage scheme in 40 years. The announcement is being...
Monaco >>  3/16/2023 - Costamare Inc. has agreed to become the leading investor in Neptune Maritime Leasing Limited (“Neptune Leasing”) through the investment of an amount o...

Scotland >>  3/16/2023 - A £27 billion tax cut for business and a trio of freezes to help families with the cost-of-living headlined the Chancellor’s Spring Budget


United States >>  3/16/2023 - Jersey Central Power and Light (JCP&L), a subsidiary of FirstEnergy Corp. requested a review of its base electric rates by the New Jersey Board of Pub...

United States >>  3/16/2023 - In late 2022, Closed Loop Partners and Brookfield Renewable ("Brookfield") announced the establishment of Circular Services, a leading developer of ci...
Australia >>  3/15/2023 - National H2’s pipeline of location for potential hydrogen production facilities in Australia
After receiving a large amount of interest, Natio...

Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.