Billionaire Pledges $6 Billion to ‘Decarbonise’ Mining Empire

Fortescue Metals chairman Andrew Forrest during a visit to the Christmas Creek mine site in The Pilbara, Western Australia on Apr. 15, 2021. AAP Image/Pool, Justin Benson-Cooper

Australian iron ore billionaire Andrew Forrest has announced a $9.2 billion (US$6.1 billion) plan to “eliminate” his mining empire’s “fossil fuel risk profile.”

Forrest announced his company’s “decarbonisation strategy” during a CEO roundtable on “Business leadership to rescue the Sustainable Development Goals” in New York City.