<
https://reneweconomy.com.au/its-not-over-fortescue-fury-as-trump-and-saudis-sink-shipping-deal-for-green-ammonia/>
"Andrew Forrest’s iron ore and green energy company Fortescue has voiced its
frustration and disappointment after years of negotiations for a global
agreement on shipping emissions were scuppered by the world’s two biggest oil
producers – the US and Saudi Arabia.
Fortescue had high hopes of a deal being agreed at a meeting late last week in
London of the International Maritime Organisation, called to vote on a
“net-zero framework” that had been worked on for years and had broad
international support, including from Australia.
It was seen as a huge opportunity to replace highly polluting bunker fuels –
shipping accounts for 3 per cent of global carbon emissions – with green
ammonia technology. Fortescue is leading the pack on green ammonia, one of the
most promising parts of its deflated green hydrogen play.
But US president Donald Trump, who has waged a war on climate initiatives and
green energy since being returned to office, lashed out at the plan last week,
describing it as a “global green new scam tax on shipping,” and threatening
sanctions against any country that supported it.
US official were accused of bullying and intimidation over the introduction of
the small charge on the emissions produced by vessels, which Fortescue and
others say will provide incentives to seek cleaner alternatives, including
sales and the use of green ammonia. A vote late Friday decided to put the idea
on hold for another year.
Fortescue, which has been sailing its dual-fuelled 60 metre vessel
Green
Pioneer to ports around the world to promote the technology, had hoped it
would pave the way for widespread adoption, potentially rekindling hopes for
its broader global green hydrogen plans.
It argues that bunkering ammonia-based fuels, sourced from wind and solar power
generated in the Pilbara, could cut emissions and create a huge economic
opportunity for Australia."
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
