Corrects to drop reference to Woodside winning dismissal in headline; the first paragraph to say that both parties consented to the dismissal
April 22 (Reuters) - Australia's Woodside Energy WDS.AX said on Wednesday that the federal court has dismissed proceedings brought against the company by Greenpeace Australia Pacific (GAP) in December 2023, with the consent of both parties.
Here are some details:
The case alleged that Woodside had deceived the public over its green credentials.
The suit, which was filed in the Federal Court of Australia, said the energy major's claim of cutting direct emissions by 11% was deceptive.
Woodside said the proceedings, in which GAP challenged certain representations made by the company in relation to its climate strategy and emissions reduction targets, were dismissed by consent of both parties.
The company also added that both parties would bear their own costs.
Shares of Woodside rose as much as 1.6% to A$31.7 in early trading, before paring gains to trade flat by 0208 GMT.
(Reporting by Shivangi Lahiri and Rajasik Mukherjee in Bengaluru; Editing by Eileen Soreng)
((Shivangi.Lahiri@thomsonreuters.com;))