Mining magnate and former CEO of Fortescue Metals, Andrew Forrest, believes an overreliance on fossil fuels is to blame for Australia’s record-high energy prices. In an interview with 2GB’s radio last week, Forrest declared that to combat high levels of inflation, Australia must swiftly transition to what he believes to be the cheapest form of…
Mining Billionaire Says Too Much Fossil Fuels Leading to Inflation
May 30, 2023
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Aussie Billionaire Pledges $500 Million Towards Rebuilding Ukraine
November 17, 2022
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Australian mining magnate Andrew Forrest has announced a US$500 million (AU$744 million) pledge towards rebuilding Ukraine as the war-torn country hopes to kick off its post-war economy. Described by Forrest as Ukraine’s “Marshall Plan,” the Ukraine Green Growth Initiative is seeding investment into energy and communications infrastructure so that the country becomes a “model for…
Austraian Iron Ore Magnate Andrew Forrest Pushes for New ‘Decarbonisation’ Plan
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 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…
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…
Is the Green vs. Blue Hydrogen Debate Really Going to Help the World
September 5, 2022
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Commentary Andrew “Twiggy” Forrest, an Australian businessman, has made headlines frequently in the last two years, raving about the merits of green hydrogen and declaiming with equally unrestrained fervour the ridiculousness of blue hydrogen. For the most part, it seems to be a one-man crusade—much of the rest of the industry is happy with both…
Green, Blue, and Grey Hydrogen—Does It Really Matter?
September 5, 2022
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Andrew ForrestAsia & PacificAustraliablue hydrogenBusiness & MarketsCompaniesenergyEnvironmentgreen hydrogengrey hydrogenInternationalOpinionScienceScience NewsViewpointsWorld
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Commentary Andrew “Twiggy” Forrest, an Australian businessman, has made headlines frequently in the last two years, raving about the merits of green hydrogen and declaiming with equally unrestrained fervour the ridiculousness of blue hydrogen. For the most part, it seems to be a one-man crusade—the rest of the industry seems happy with both blue and…
Australian Clean Energy Billionaire Meets With Biden, Manchin Over Hydrogen
April 3, 2022
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Australia iron ore billionaire Andrew Forrest has met with U.S President Joe Biden and Democrat Joe Manchin to discuss a future of hydrogen. On April 3, Australia’s richest man spent an hour at the White House with Biden in a working meeting involving the commander-in-chief and his senior officials to discuss his ongoing plan to…
Australian Billionaires Raise $210 Million For World’s Biggest Solar Project
Andrew Forrest and Mike Cannon-Brookes—Australia’s most vocal billionaires on climate change—have invested a further $210 million towards the world’s biggest intercontinental renewable power system. Sun Cable’s $30 billion Australia-Asia Power Link (AAPowerLink) project had already received nearly $50 million from Forrest and Cannon Brookes in 2019 through their respective investment firms, Squadron Energy and Grok…
Airbus, Fortescue to Pioneer Hydrogen Planes
Aerospace giant Airbus and Fortescue Future Industries (FFI) have allied with the goal of creating a hydrogen-based aircraft by 2035. FFI, the green energy brainchild of mining billionaire Andew Forrest, has followed its founder’s ambitions in advancing carbon-free hydrogen as a fuel of the future. Both of the companies have ramped up efforts to research…
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