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The Latest Breaking News from Andrew Forrest

FMG reduces dividends amid green energy powerhouse push

Fortescue Metals has lowered dividend payouts as it repositions itself as a green energy powerhouse, with increased spending on decarbonisation projects.

AAP

Fortescue backs down in mines harassment stoush

Mining giant Fortescue Metals Group says it will provide documents relating to an investigation into alleged sexual harassment cases at its mine sites.

AAP

Minister's call to arms to crack down on modern slavery

Foreign Minister Penny Wong says tougher legislation is needed to help reduce the impact of modern slavery across the South Pacific region.

AAP

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More plastic waste than ever before adds to climate woes

Despite growing awareness about climate impacts, there is more single-use plastic waste than ever – and production is set to outstrip demand.

The New Daily

Global plastics crisis deepens despite rising concerns

The world's plastics crisis continues to worsen as manufacturers pump out vast amounts of new, single-use items and shun more costly recycling, a report says.

AAP

Moelis & Co appointed advisors to Sun Cable sale

The voluntary administrators to Sun Cable say the sale process has commenced for the $30 billion solar project, with binding proposals due by the end of April.

AAP

Fortescue lifts shipments of iron ore

Iron ore shipments rose to 49.4 million tonnes in the December quarter, a four per cent increase from a year earlier.

AAP

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Sun Cable demise shows renewable energy mega projects 'really hard'

The collapse of billionaires' plans to export solar power from northern Australia to Singapore highlights the challenges facing mega renewable energy projects, experts say.

ABC News

'Strong interest' in Sun Cable

The voluntary administrators for Sun Cable plan to have the company sold or recapitalised within months, with Andrew Forrest confirming he'll bid for it.

AAP

Billionaire-backed Sun Cable collapses

A company funded by billionaires Andrew Forrest and Mike Cannon-Brookes that planned to build the world's biggest solar project has gone into administration.

AAP

Snowy Hydro promises Clough Group’s collapse won’t disrupt multibillion-dollar project

Clough Group placed itself into voluntary administration after a takeover plan for the company by Italy’s Webuild fell through

The Guardian - AU

Andrew Forrest makes $4b renewables deal

Andrew Forrest's privately-funded Squadron Energy has purchased CWP Renewables in a significant deal for the Australian energy sector.

AAP

East Lothian recycling centre to operate seven days a week despite objections

Hamilton Waste and Recycling is Scotland's first carbon neutral waste centre and empoys more than 120 people at its centre outside Musselburgh in East Lothian

Edinburgh Live

Fortescue to link bonuses to climate goals

Mining billionaire Andrew Forrest says Fortescue Metals Group will tie its executive bonuses to ensuring the company meets ambitious climate targets.

AAP

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Fortune

Australian mining billionaire contributes $740M to rebuild Ukraine

Australian mining magnate Andrew Forrest is predicting a “golden era” for Ukraine with some help from his fund, the Ukraine Green Growth Initiative.

ABC News

Andrew Forrest pledges $744 million towards rebuilding Ukraine, aims to attract investors

The mining magnate invests in a fund that will pour money into primary infrastructure, including energy and communications, in the country.

AAP

Forrest to fund Ukraine green investment

Ukraine President Volodymyr Zelenskiy has welcomed a $US500 million ($A743 million) green infrastructure investment by Andrew Forrest's Tattarang Group.

ABC News

China's demand for Australian iron ore stalls, sending the price for our biggest earner spiralling

WA's iron ore miners are ramping up production with new mines, but with the commodity price falling, is it worth it?

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AAP

Forrest wants seabed mining moratorium

Australian mining magnate Andrew Forrest says the world's seabeds must not be exploited without the same protections as land-based mining.

AAP

Archbishop meets Indigenous leaders in WA

The Archbishop of Canterbury is scheduled to speak privately with mining magnate Andrew Forrest after meeting with Indigenous leaders in Western Australia.

The Guardian - AU

Morning mail: deadly wake of Florida hurricane, Putin to annex Ukraine land, Australia’s food waste bill climbs

Friday: Rescue crews in Florida are searching for residents trapped by floods in the path of Hurricane Ian, as Joe Biden warns of loss of life. Plus: is Australia on track to becoming a republic?

The Guardian - UK

Companies using carbon credits to ‘cover their tracks’, says iron ore billionaire

Andrew Forrest urges businesses to aim for ‘real zero’ to reduce environmental impact

The Independent UK

Australian miner Fortescue reveals $6.2 billion carbon plan

Australian iron ore miner Fortescue Metals Group has announced a $6.2 billion plan to eliminate fossil fuels and carbon emissions from its operations by the end of the decade

AAP

Fortescue pledges $9.2b for clean iron ore

Andrew Forrest will spend $9.2 billion to take Fortescue Metals Group fossil fuel-free by 2030 and become a global green mining, energy and technology firm.

The Guardian - AU

As Labor’s jobs and skills summit kicks off, it’s all about having a seat at the table

In parliament’s great hall unionists, civil society and business give a little of their time, maybe endure a little boredom, in a bid to influence policy

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