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Woodside Energy to invest US$2.3M in US state park
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Woodside Energy to invest US$2.3M in US state park

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  • Woodside Energy announced a US$2.3 million six-year investment to restore 800 acres of forest habitat in a Louisiana state park.
  • The funding marks a continuation of regional capital deployment alongside a larger local liquefied natural gas project.
  • The company stated that the initiative is designed to restore biodiversity within the Sam Houston Jones State Park ecosystem.

Woodside Energy (ASX:WDS) executed an agreement to invest US$2.3 million in a multi-year project to restore over 800 acres of forest habitat within the Sam Houston Jones State Park in Calcasieu Parish, Louisiana.

The long-term conservation plan contrasts with regular short-term corporate grants by establishing a six-year commitment to local environmental rehabilitation.

The project will be delivered in partnership with the Louisiana Office of State Parks under the leadership of Lieutenant Governor Bill Nungesser alongside environmental services firm RES and McNeese State University.

The company stated that the investment is intended to advance its ongoing corporate presence in Southwest Louisiana, where Woodside and its project partners have committed US$11.62 billion to the Louisiana LNG Project in Calcasieu Parish.

Following the announcement, the Woodside Energy share price was down 1.52% at $26.12.

The energy producer has focused its broader corporate strategy on developing major liquefied natural gas assets in North America while managing environmental compliance across its operational hubs.

The Louisiana park initiative follows several global regulatory and capital allocation adjustments made by the business over the past 12 months to satisfy local operating conditions.

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