Is Fortescue and green hydrogen cheerleader Andrew Forrest abandoning the sector because renewable H2 is too expensive?

As the repercussion of Fortescue’s 700 job cuts create a political storm in Australia, Leigh Collins tries to separate fact from fiction

Fortescue founder and executive chairman, Andrew Forrest, speaking at the World Economic Forum (WEF) annual meeting in Davos, Switzerland, in January.
Fortescue founder and executive chairman, Andrew Forrest, speaking at the World Economic Forum (WEF) annual meeting in Davos, Switzerland, in January.Photo: AFP/Getty
Published 19 July 2024, 11:33Updated 19 July 2024, 11:35
FortescueAndrew ForrestGreen H2AustraliaSubsidies