The oil and gas giant Woodside has been handed a big win by Labor, with the life of its massive gas plant in Western Australia extended until 2070.

That’s great news for the company that wants to start extracting gas from a new basin off the WA coast. But given that almost all the gas is sent overseas, what’s it in for Australian taxpayers and what about the climate? 

Today, reporter Jo Lauder from the ABC’s climate team on why the Albanese government has approved the extension even though we’re committed to net zero emissions by 2050.

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Jo Lauder, ABC climate reporter