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Financial Personal

Fortescue Hits Brakes on Green Hydrogen Plans and Cuts 700 Jobs

Billionaire Andrew Forrest is scaling back his plans to turn Australian miner Fortescue Ltd. into a green hydrogen heavyweight, blaming high energy prices for a setback that has prompted an overhaul of the group and 700 job cuts.

By: financialpost.com
  • Jul 17 2024
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Fortescue Hits Brakes on Green Hydrogen Plans and Cuts 700 Jobs
Fortescue Hits Brakes on Green Hydrogen Plans and Cuts 700 Jobs
(Bloomberg) — Billionaire Andrew Forrest is scaling back his plans to turn Australian miner Fortescue Ltd. into a green hydrogen heavyweight, blaming high energy prices for a setback that has prompted an overhaul of the group and 700 job cuts. Read More

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Aging bridges in 16 states will be improved or replaced with the help of $5B in federal funding
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