I listened to Andrew Forrest on ABC radio and he was strongly opposed to hydrogen produced from fossil fuels. Moving to renewable hydrogen over 9 years is awesome. I guess you would have done it last Thursday if you were running the show.
I think it is a bit ritch to demand an ore supplier to control a foreign customer's emissions. Suppliers simply can't enforce conditions on customers if the are not a monopoly. Customer's force Suppliers to change by voting with their money.
That makes FMG a great choice as steel customers in nine years time will push steel retailers for traceable green credentials. Kids these days are heavily schooled in green energy and it is only becoming more relevant. I don't think older fund managers have grasped the green FMG story, but I think as they retire their replacements will buy into FMG and hydrogen. Literally buy in.
FMG Hydrogen Trials: Green Production, page-45
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