Australian iron ore billionaire Andrew Forrest has announced a $9.2 billion (US$6.1 billion) plan to “eliminate” his mining empire Fortescue’s “fossil fuel risk profile” in a bid to gear up for the renewable shift amid concerns that the new processes will impact low-quality iron ore, coal steel and zinc supply chains. Forrest announced his company’s “decarbonisation…
Austraian Iron Ore Magnate Andrew Forrest Pushes for New ‘Decarbonisation’ Plan
September 20, 2022
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Australian Iron Ore Magnate Andrew Forrest Pushes for New ‘Decarbonisation’ Plan
September 20, 2022
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Andrew ForrestAustraliaAustralia renewablesBusiness & Marketsclimate changecoaldecarbonizationenergyfossil fuelWorld
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Australian iron ore billionaire Andrew Forrest has announced a $9.2 billion (US$6.1 billion) plan to “eliminate” his mining empire Fortescue’s “fossil fuel risk profile” in a bid to gear up for the renewable shift amid concerns that the new processes will impact low-quality iron ore, coal steel and zinc supply chains. Forrest announced his company’s “decarbonisation…
Billionaire Pledges $6 Billion to ‘Decarbonise’ Mining Empire
September 20, 2022
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Australian iron ore billionaire Andrew Forrest has announced a $9.2 billion (US$6.1 billion) plan to “eliminate” his mining empire’s “fossil fuel risk profile.” Forrest announced his company’s “decarbonisation strategy” during a CEO roundtable on “Business leadership to rescue the Sustainable Development Goals” in New York City. The event was part of U.S. President Joe Biden’s…
Across the World Coal Power Is Back
Commentary In the United States, coal consumption hit an all-time high in 2013, and soon after most every Wall Street bank and liberal activist declared coal as dead. Still, coal energy was the dominant form of energy in the United States until 2016, and this year global coal consumption is set to reach 2013’s record…
Is Nuclear Power the Best Bet for Australia
August 7, 2022
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Commentary It looks like nuclear energy may be back on the table in Australia, again. A nuclear technology ban has been in place in Australia since 1998, which prevents the building of nuclear reactors for power generation. The Liberal Party (Australia’s centre-right party, currently in opposition) has announced they are considering it in the energy…
From the C-Suites to the Media, When It Comes to Energy, We Need More Balance, Less Fear
August 2, 2022
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Commentary IMPERIAL, Pennsylvania—In the last 22 years, protecting and caring for the planet has gone from a “we’re all in this together” part of our culture to a political wedge issue. And it isn’t just your average pedestrian wedge issue that surges and wanes with each election cycle. No, this one is volatile, vengeful, and…
Financial Giants Reject West Virginia’s Claims That They’re Boycotting Fossil Fuels
July 19, 2022
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Six financial institutions that West Virginia Treasurer Riley Moore contacted over their alleged boycotting of the fossil fuel industry have replied, denying the accusations while laying the groundwork for what could be a protracted legal battle. The Epoch Times obtained the letters through a West Virginia Freedom of Information Act request. Moore sent letters to…
Russian Derangement Syndrome Trumps All
Commentary Saving Ukraine from Russia has become more important to Western leaders than saving the planet from climate change, more important than keeping their populations from freezing in the dark, more important than the viability of Western industries, and more important even than avoiding the risk of an all-out nuclear war between the West and…
Power to the People—Even If It Comes From Coal
July 6, 2022
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Commentary Despite its name, the Democratic Party has no time for democracy. Public opinion and democracy be damned, especially when it comes to battling climate change. On June 30, the Supreme Court struck down an Environmental Protection Agency (EPA) plan compelling states to shutter coal-fired power plants and shift to low-carbon alternatives such as natural…
Energy Crisis: France to Restart Coal Plant After Officials’ Warnings
France is considering restarting at least one of its coal plants following a warning issued by top power company executives amid energy shortages caused by European and U.S. sanctions against Russia. “As a precautionary measure, given the situation in Ukraine, we are reserving the option to reactivate the Saint Avold plant … if needed this…
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