Net Zero Damages Farming and Raise Food Prices, Gina Rinehart Says

Most farm equipment doesn’t have electric alternatives, and imposing Net Zero obligations on farmers will damage agriculture, the mining magnate says.

Gina Rinehart, Hancock Prospecting Executive Chair, speaks during the News Corp Bush Summit at Perth Mess Hall in Perth, Australia, on Aug. 14, 2023. AAP Image/Richard Wainwright

Mining billionaire Gina Rinehart has told the 2025 Bush Summit that the government’s net zero policy is destroying Australia’s living standards and the Paris Accord is something Australians “simply cannot afford.”

Aside from Hancock Prospecting, Rinehart also owns 25 properties that run more than 340,000 cattle, making her company Australia’s second-largest beef producer.