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https://reneweconomy.com.au/net-zero-is-a-con-forrest-outlines-how-fortescue-mines-will-eliminate-fossil-fuels-by-end-of-decade/>
"A day after unveiling a $4 billion plan to buy hundreds of electric haul
trucks, dozers and excavators, and unveiling the world’s most powerful EV fast
charger, iron ore billionaire Andrew Forrest has outlined in detail how his
iron ore company plans to eliminate fossil fuels from its operations by the end
of the decade.
Forrest’s push for “real zero” emissions by 2030 is in stark contrast to the
“net zero by 2050” targets adopted by nearly every other major corporate.
Forrest is not the first to complain that too many companies, and political
parties, are using at an excuse to kick any serious attempts at cutting
emissions down the road.
As for Forrest’s own ambitious targets, most doubt he can pull it off – and
cite his recent admission that his green hydrogen goals won’t be met in the
timeframe he hoped. But, at a UN-sponsored event in New York this week, he
released a 90-page document explaining in detail how it will be done.
“Net Zero 2050 is a con,” Forrest said. “The world needs Real Zero now.
Fortescue can tell you when we’ll eliminate fossil fuels and show you exactly
how. Every industrialist should match us.”
[Forrest] told the event that Fortescue’s climate transition plan should be
considered a gold-standard example of the level of corporate ambition required
to accelerate the transition away from fossil fuels, with no carbon offsets.
“There is only one question that companies should be asking themselves – when
will they stop burning fossil fuels?” Forrest said.
Forrest’s advocacy is painted as extreme in some quarters, particularly in
those industries and lobby groups who fret about going too fast on climate
action, mostly out of fear for their short term profits and bonus packages.
And the fossil fuel industry itself – and the political parties it funds – is
mortified by the prospect that Forrest might succeed.
And Forrest is gaining traction because he is able to show that you can go
green and make money at the same time. The technologies exist, he says, at
least for 90 per cent of his company’s ambition."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
