Article Summary
Andrew Forrest, the Australian billionaire, is pushing forward with his green energy plans despite a backlash against net zero and a shift by other businesses towards fossil fuels. Forrest, who made his fortune in mining, has pledged to give all his riches to charity and is now focused on transforming his mining company, Fortescue, into a clean energy champion. He is undeterred by the challenges and sees the current situation as an opportunity. His plan is to slash costs by generating green energy and then profit by supplying the surplus to others. His biggest bet is on developing electrolysers that can break down water into green hydrogen or reduce iron ore to “green iron” suitable for steel making.
What This Means for You
- Businesses that are able to adapt to change and take advantage of opportunities in times of uncertainty are more likely to succeed in the long run.
- Green energy is becoming increasingly important, and businesses that can provide innovative solutions in this area are likely to benefit.
- Persistence and determination are key qualities for success, especially when facing challenges and opposition.
- The current backlash against net zero and the shift towards fossil fuels may only be temporary, and businesses that stay committed to green energy may be well-positioned for the future.
Original Post
No one can say Andrew Forrest doesn’t put his money where his mouth is.
The Australian billionaire has spent years and billions of dollars trying to transform his mining company, Fortescue, from one of the world’s largest polluters into a clean energy champion.
And until recently, he could at least claim to be moving in step with prevailing trends.
But as other businesses scale back green investment and Donald Trump preaches “drill, baby, drill”, Forrest’s climate evangelism is beginning to look riskier.
“It’s fair to say I was swimming with the tide before, because that was the truth,” the businessman growls in an interview at The Telegraph’s London office.
“I’m still swimming in the same f—— direction, in case you haven’t noticed. It’s just harder now.”
In Forrest’s eyes, the mounting backlash against net zero from Trump, Nigel Farage and others isn’t just an environmental catastrophe – it’s a business mistake too.
And he intends to take full advantage, as the likes of
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