Parra 1 - Are you trying to tell us that Fortescue Future...

Parra 1 - Are you trying to tell us that Fortescue Future Industries has pulled back from executing on their green and zero-carbon plans?

Let me just say without the favorable budget treatment and further govt help yet to be dreamed up they IMO will have pulled back from plans and IMO it is still not economical. If you think that certain CEO is out there talking down ever other possible option for power other than hydrogen and trying to ensure all other industry has higher cost base it is not for the " good of Australia" or "good of environment" is it based on Good for that CEO IMO and he has the ear of Aussie Politicians and no doubt has threatened to toss toys out of pram unless he is incentivised to keep uneconomic operations in Australia reliant on massive scale and elimination of near term competition - like some forms of battery storage but retention of generation network,

Guess what the budget delivered for him

Parra 2 - you worked it out and yet made wrong conclusions - Govt is trying to pick winners and has just backed hydrogen and battery minerals . It has not picked battery storage for existing technology Yep Govt is picking fuel cell or burning hydrogen. I could talk about losses

Para 3 - RFX got nothing from budget - infact it had sand kicked in its face IMO

If you follow some companys especially hydrogen you will see massive turnover of management and technical development staff and if you understand the reasons for that it tells you a lot about their business and probability about what they are saying on the outside and promoting being correct on viability, scale and reality of economics. is not same as reality. Doesn't matter how many associations , studys , industry body's and other sycophantic supporter base you create to add pressure to govt you are doing it to promote a immature currently uneconomic technology.