Fortescue Metals
ASX:FMG
Fortescue’s innovation chief and former CSIRO head Larry Marshall says the company remains committed to its hydrogen dreams despite major setbacks.
Fortescue's decarbonisation boss has provided a rare glimpse into the challenges the $60 billion miner faces as it seeks to cut its emissions to zero.
Andrew Forrest's move away from green hydrogen, welcomed by investors, doesn't mean Fortescue has ended its goal of diversifying away from iron ore into more climate-friendly sectors.
Hydrogen fuel cells offer several advantages over EVs when it comes to heavy vehicles. But while EV technology is charging ahead, the cost of hydrogen remains stubbornly high, making it unlikely to prevail in the short term.
On a day when Fortescue shares hit record highs, Andrew Forrest was caught on a hot mic complaining to colleagues about its lengthy AGM and the the Welcome to Country that preceded it.
Green steel is coming sooner than many thought possible. But while that’s good news for the energy transition, it may not augur well for billions of dollars in iron ore exports.
Leadership change, and the qualities that make for a strong corporate leader have moved into focus.
An obscure micro-cap miner just landed one of the biggest names in finance, as the former RBA deputy governor joined the Fortescue exodus.