FMG 5.53% $20.14 fortescue ltd

Renewable Hydrogen, page-95

  1. 9,796 Posts.
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    Seems Elon Musk disagrees with AFs & FMGs H cell & power approach,

    [Musk] has indeed called hydrogen fuel cell vehicles “mind bogglingly stupid”, even telling Tesla shareholders during one meeting that their “success is simply not possible”.

    https://www.news.com.au/technology/motoring/hitech/andrew-forrest-thinks-fortescue-could-take-on-elon-musks-tesla-as-the-real-climate-change-challenger/news-story/e81cbaf6bc04302af29494e82de1d35e

    In the meantime FMG pumps 2MTpa of dirty air into the atmosphere more than all of Bhutan!
    Talk of planning green steel while you are a mass emitter then criticising EVs which have done more to reduce Carbon emissions than any other industry is hypocritical.
    Mr Forrest began his lecture by acknowledging his company emits more every year than the entire nation of Bhutan Mr Forrest also noted Fortescue’s two million tonnes pale in comparison ..

    Musk v Forrest
    $300B v $30B
    1Mcars pa v 0 cars pa
    2M EV cells v 0 cells produced csiro papers
    EV power v H power
    80% nickel v 10% nickel battery
    -2MTpa emissions v +2MTpa emissions
    worlds richest man v Oz 2nd richest man
    held onto to control with death grip v diluted &/or shunted from ANL AGO AHZ/AVR POS PAN
    plans to fly to mars 8 months v flew to europe & got stuck there 8 months
    Tesla/SpaceX/SolarCity v FMG
    $1,300M MC v $73B MC

    Market agreeing with Musk atm.


 
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