FMG 1.10% $19.76 fortescue ltd

Ann: September Quarterly Production Report, page-73

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  1. 7,705 Posts.
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    ROTFL


    "Twiggy Forrest is preaching 15 million tonnes per year of green hydrogen production in Australia. This will require 750 TWh of electricity production, more than three times Australia’s total annual electricity demand (224 TWh), along with 135 million tonnes of water. In keeping with green hydrogen theology, that 750 TWh requires 285,000 MW of intermittent wind and solar capacity.That is almost five times Australia’s total generation capacity from all sources (60,000 MW). It is a lofty goal considering the last twelve months of wind and solar generation in the entire country would produce just over 1 million tonnes of green hydrogen. "

    "It is telling that the planet is not already powered by hydrogen. There is no green hydrogen industry. There are only corporates and lobby groups with their hands out for taxpayer funding, and a bunch of politicians only too willing to hand it over."


    https://www.spectator.com.au/2021/10/hydrogen-hype-or-net-zero-hero/

    Last edited by PigsMightFly: 30/10/21
 
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