Andrew Forrest, CEO of Fortescue, has seemingly downgraded his ambitious goal to transition to clean and green energy on two occasions.
The facts suggest that Forrest is exiting his plan to manufacture green energy machinery and equipment, resulting in hundreds of job losses at his UK plant in Oxfordshire, which employs 1,100 workers.
Could more economic forces be at play here?
This reversal raises questions about the economic viability of Forrest's green goals and whether external factors, such as China's influence, have contributed to this decision.
Author's summary: Forrest's green goals face economic scrutiny.