
“Net zero 2050 is a con” says Forrest, as Fortescue plans for 2030
Fortescue (ASX: FMG) has released its rigorous climate transition plan that lays out how it plans to stop burning fossil fuels across its Australian iron ore operations by the end of the decade. The action plan was released by Fortescue executive chairman Andrew Forrest at a roundtable event hosted by United Nations under-secretary general Melissa Fleming in New York. The detailed timeline shows how Fortescue will eliminate Scope 1 and 2 emissions without voluntary carbon offsets and without carbon capture and storage – which is now known as real zero. In a foreword written by University of Oxford director of sustainable finance group Dr Benjamin Caldecott, he said climate transition planning and the disclosure of climate transition plans was “increasingly…