TECHNOLOGY

Forrest pledges billions to hit real zero by 2030

FORTESCUE Metals Group executive chairman Andrew Forrest has further distanced the company from its fossil fuel foundations with a pledge of US$6.2 (A$9.22) billion to eliminate fossil fuel use and reach real zero terrestrial emissions (Scope 1 and 2) across its iron ore operations by 2030.

 FMG head Andrew Forrest

FMG head Andrew Forrest

This would reduce operating costs by $818 million per year and avoid 3 million tonnes of carbon dioxide equivalent emissions per year. About 700 million litres of diesel and 15 million gigajoules of...

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