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ENERGY TRANSITION

Fortescue scales back green energy spending amid policy and market pressures

Iron ore giant pulls back on renewables investment as profits tumble 53%

Rueben Hale
Fortescue executive chairman Andrew Forrest. Behind the Gladstone Green Energy Manufacturing Centre.

Fortescue executive chairman Andrew Forrest. Behind the Gladstone Green Energy Manufacturing Centre. | Credits: Fortescue.

FMG offshoot Fortescue Energy has cut back its renewable energy investment, tightening the financial leash on its capital allocation amid a $400 million scaling back of green energy investments, as it...

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