Fortescue have entered a whole new playing field, and they're showing what will be achieved and proven to work in-house first. That's clearly what you and the market are overlooking.
Fortescue's in-house decarbonisation fully costed plan over the next 5.5 years is going to save them US$818 million per annum in net operating cost from 2030, at prevailing market prices of diesel, gas and Australian Carbon Credit Units.
Cumulative operating cost savings of US$3 billion by 2030 and payback of capital by 2034, at prevailing market prices.That will mean that their US$6.2bn capex will only cost them US$3bn thereabouts.
Their in-house decarbonisation plan will have a dual commercial effect on the overall business going forward.
And that's just their in-house plans.
Watch this space and this company as you clearly have been.
Tony
(20min delay)