Fortescue, one of the five largest iron producers in the world, expects renewables to play a very big part of our overall earnings in the future.
Speaking at the World Economic Forum in Switzerland, former Fortescue chief executive officer Elizabeth Gaines said the company would continue building its iron ore business, but the scale of the world’s green energy transition would see a major increase in demand for renewable energy.
Fortescue is putting its money where its mouth is in terms of decarbonisation.
September 2022 saw the major miner pledge to exit fossil fuels by 2030 as part of a $9.2 billion plan to hit net-zero emissions and to not rely on carbon offsets by the end of the decade.
Tags: Decarbonisation, Energy Transition, WEF
Recent Posts
Port of Brisbane Unveils Vision 2060 to Drive Smarter, Cleaner, and More Connected Future
Wärtsilä to Deliver Hybrid Propulsion Systems for Vertom Group’s New Low-Emission Vessels
Latvian port receives electric Konecranes Gottwald Mobile Harbor Crane
Sustainable Ocean Economy Vital for Human Development, Says UNDP at UN Ocean Conference
Green Hydrogen Costs in India Could Drop by 40%, Says IEEFA-JMK Report
Cavotec Secures €1.55 Million Shore Power Contract for Port of Antwerp-Bruges
APM Terminals and SANY Marine sign landmark agreement to accelerate decarbonisation
The Port of Gothenburg takes big step towards shore power connection for container and car/RoRo vessels