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https://reneweconomy.com.au/its-now-a-no-brainer-fortescue-says-trump-has-done-more-for-renewables-than-anyone-in-100-years/>
"The CEO of Fortescue says that the switch to renewables – which the iron ore
giant is seeking to lead by reaching “real zero” in just four years – has been
made much easier by the impact of President Donald Trump’s ill-advised war on
Iran.
Fortescue has long argued that the switch to wind, solar, battery storage and
electric trucks and other mining equipment has been an economic necessity as
well as an environmental one.
But it says that economics have been given a huge lift by the surge in fossil
fuel prices in recent months, and the lingering uncertainty about the state of
the market.
“It cost me 400 bucks to fill up my dual cab (ute) the other day with diesel,
and then two weeks later, cost me 200 bucks,” Fortescue CEO Dino Otranto said
at the Pilbara Summit in Karratha this week.
“Already I’m starting to think, well, that was just an anomaly. I’m not going
to change my ways, right? But if you look back the last 20 or 30 years, you can
now start counting those anomalies, you can measure them as a frequency.
“What we’ve seen in the Strait of Hormuz, and I can’t believe I’m going to be
saying these words, but Trump’s done more to progress the climate agenda in
three months than anybody has in the last 100 years.
“He (Trump) is saying that we can no longer rely on security of energy for us.
Trying to economically forecast capital deployment when you’re getting 200 per
cent swings in energy supply is completely crazy.
“When we’re talking about the economics of turning off diesel and diesel price
doubles, diesel fuel tax incentives alone get blown out of the water. It’s
simple economics. It is now a no-brainer.”"
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
