This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Woodside Energy Group Ltd is an upstream oil and gas exploration and production company. Its operations are centered on the extraction of fossil fuels, with its 2024 reserves statement reporting 360.3 million barrels of oil equivalent (Woodside share). The company’s primary assets and ongoing capital expenditure are directed toward oil and gas production platforms, drilling operations, and exploration activities, as detailed in its annual results and reserves disclosures. There is no company plan to cease fossil fuel extraction; its strategy and guidance remain focused on the development and production of these resources.
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The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.