Woodside to participate in new government-industry joint initiative
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.
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