Mining Billionaire Says Too Much Fossil Fuels Leading to Inflation

Mining Billionaire Says Too Much Fossil Fuels Leading to Inflation
Andrew Forrest speaks on a panel during the opening of the CHOGM Business Forum in Kigali, Rwanda, on June 21, 2022. Luke Dray/Getty Images
Nick Spencer
Updated:

Mining magnate and former CEO of Fortescue Metals, Andrew Forrest, believes an overreliance on fossil fuels is to blame for Australia’s record-high energy prices.

In an interview with 2GB’s radio last week, Forrest declared that to combat high levels of inflation, Australia must swiftly transition to what he believes to be the cheapest form of energy available.