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The Guardian - AU
The Guardian - AU
National
Dan Jervis-Bardy and Adam Morton

Andrew Forrest’s Fortescue rejects ‘credibility’ of business council modelling on 2035 emissions target

United Nations BCA The Climate Change Authority Amanda McKenzie Bran Black Climate Change Australia
Smoke stack in front of sun
The Climate Change Authority’s preliminary advice suggested a range between 65% and 75% would be ambitious but achievable, setting the expectations for what would ultimately be recommended to the government. Photograph: Héctor Retamal/AFP/Getty Images

A fight over climate policy has broken out within a major Australian business lobby, with mining billionaire Andrew Forrest’s Fortescue sharply criticising the Business Council of Australia over its modelling of the costs of making emissions cuts.

A report released by the business council on Friday claimed Australia would need up to $530bn in capital investment and to potentially curb coal and gas exports to achieve a 2035 emissions target of 70% or more.

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