Iron ore giant Fortescue sets zero emissions target for 2040, eyes more renewables

RENEWECONOMY | Leading iron ore company Fortescue Metals Group – controlled by billionaire Andrew “Twiggy” Forrest – has announced a zero “operational” emissions target by 20490, and pledged to support the Paris “well below” 2°C climate target – suggesting that the whole Australian economy should do the same.

Fortescue, which has already committed to using solar and battery storage to supply up to nearly one third of the power needs of its Pilbara iron ore mining operations, also flagged a portfolio of new investments in hydrogen, suggesting more wind and solar projects in the pipeline.

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