Fortescue Metals Group Plans to Switch to Renewable Energy

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In a significant step forward for the renewable energy industry, Australian resources giant Fortescue has pledged to shift its operations towards green energy.

FMG Renewable Energy

Fortescue Metals Group, one of the world’s largest iron ore producers, has announced its $6 billion plan to switch to renewable energy by 2030.

The move would see the company eliminate fossil fuel use from its operations and reduce emissions to zero. To achieve this, Fortescue would invest heavily in renewable energy generation, including the electrification of its railway network.

The company’s billionaire owner, Andrew Forrest, has urged other heavy industries like Rio Tinto to follow suit “because climate change continues to worsen.”

“Fortescue Metals Group has proven you have an alternative, and it is a good commercial, solid alternative,” Forrest said. “You can make money, and you can stop cooking our planet. I am saying to every heavy industry company, every heavy manufacturing company, take the first step.”

Fortescue Metals Group

While the transition to a low-carbon economy will require significant investment, it is essential if huge mining companies are to avert the worst impacts of climate change.

By making this commitment, Fortescue is helping to lead the way towards a cleaner, brighter future for us all.

Speaking to reporters, Fortescue CEO Andrew Forrest said that the company was committed to playing its part in addressing the “significant challenge” of climate change.

Fortescue’s pledge includes a commitment to reduce harmful emissions and invest in renewable energy projects, such as wind and solar, to power its iron ore products in Western Australia. 

Tristan Edis, Green Energy Markets’ director of analysis and advisory, research, and consultancy company, says Fortescue’s plan will set the standard for other resources companies in the country.

With its pledge to shift to green energy, Fortescue is leading the way for the resources sector in Australia and setting an example for other companies to follow.

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