$FSUGY · Forrest commits Fortescue to zero fossil fuel by 2030, sees green transition as massive cost advantage

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Forrest commits Fortescue to zero fossil fuel by 2030, sees green transition as massive cost advantage

2026-07-01 · 1 company · 3 thematic

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andrew forrest

Andrew "Twiggy" Forrest founded Fortescue in 2003 and built it into a global iron ore giant. He holds a PhD in marine ecology and has committed Fortescue to zero fossil fuel by 2030. He also leads the Minderoo Foundation focusing on ocean conservation, ending modern slavery, and AI safety.

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“when we save a billion dollars a year because we eliminate a billion lers of diesel, diesel equivalent from our supply chains, then they will all follow. But they will watch until that happens. And that that is happening. We're already sta…”

—andrew forrest

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Forrest commits Fortescue to zero fossil fuel by 2030, sees green transition as massive cost advantage

Eliminating $1B/year in diesel costs through full electrification and green hydrogen will make Fortescue the lowest-cost iron ore producer, creating an unmatchable competitive moa…