General discussion, page-247

He also said companies should be given zero-interest bridging finance, financed by a global carbon price, to “rewire to green energy”. I copped some flak from@witchdoc86 for calling out what he does best... seeking subsidies to play a field of possibilities, hoping to capitalise the gains and socialise the losses by walking away from the losers (like infamous Brittsh steel subsidy seeker Sanjeev Gupta). Can't blame any entreprenuer from chasing guvvie lolly if it's on offer, crazy not to.

“It’s absolutely IRA-driven. If you have external shareholders that you’re responsible to, you have to develop manufacturing capability around the world, but particularly in the United States because the incentives are so significant.”... "“I was asked after I spoke today, ‘What did I think would happen?’ I said, ‘On the scale of probability, El Nino is going to turn bad’. It is turning bad.”... "He also said companies should be given zero-interest bridging finance, financed by a global carbon price, to “rewire to green energy”...."Fortescue Energy will build an estimated $US20 billion of renewable energy projects, with a further $US30 billion for “projects under advanced study” in Africa, Australia, Europe and Latin America. These would be “financed in the rapidly developing green structured finance global capital markets”.

Hopefully his Nb-W anode lithium batteries become a winner in the Darwinian evolution of EVs. So far his original call of hydrogen trucks, and indeed global hydrogen energy transition, is rapidly disappearing into the rearview mirror as the market balks at massive energy losses from renewable elcetricity to hydrogen, transport and then back to electricity. Plenty of commentary on the subject if you care to google, this one from repsected renewables site last month is a doozy...

Australia’s Hydrogen Hype Bubble Is Starting To LeakDoes this mean that Australia’s government and billionaires will stop snorting hydrogen fumes to make the dollar signs in their eyes spin faster? Unlikely. That will take another few years.
https://cleantechnica.com/2023/06/27/australias-hydrogen-hype-bubble-is-starting-to-leak/

All around the time our Fed Guv handed out $2B to a couple of hydrogen projects including Twiggys, not to mention the money Qld and SA state guvs are happy to commit for 'the jobs, investment, become an export powerhouse' and of course the votes. Perfect example of our new command-control economy... driven by self-interest, funded by guv debt and guided by pork barrel.