Premier Mark McGowan announced Woodside Energy had pledged A$50 million to the Resources Community Investment Initiative (RCII).
Woodside Energy CEO Meg O’Neill said that the company is thrilled to work with the Western Australian Government and other industry players to establish the RCII, which would encourage investment in infrastructure projects and community and social programs around the State.
“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,” O’Neill stated.
O’Neill added that Woodside Energy’s initial A$50 million donation to the RCII is an exciting new opportunity for the company to continue making a positive contribution to the people of Western Australia.
“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.
According to WA Premier Mark McGowan, the State’s economy’s strength put the State Government and business in the ideal position to prepare 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,” Premier McGowan said.
Premier McGowan stated that he looks forward to their ongoing support and completion of some historic State projects that will benefit future generations.
Under the terms of the RCII, Woodside will designate the projects for which it wishes to direct money, with individual project agreements establishing agreed-upon project milestones.
){kind=link}