Fortescue Metals Group (FMG) remains committed to its Real Zero target by 2040, despite shifting global energy policies. Here’s where things stand:
Real Zero vs. Net Zero: FMG differentiates itself by aiming for Real Zero, meaning no reliance on carbon offsets—instead, it plans to eliminate fossil fuels entirely from its operations.
Short-Term Goals: FMG has set an ambitious 2030 target to achieve Real Zero terrestrial emissions (Scope 1 and 2) across its Australian iron ore operations. This includes replacing diesel with green hydrogen and renewable electricity.
Investment in Green Energy: FMG has committed billions to its Fortescue Future Industries (FFI) division, which focuses on green hydrogen, ammonia, and renewable energy projects. The company aims to build 235GW of renewable energy capacity to support its transition.
Challenges Ahead: While FMG is pushing forward, global energy policies—such as Trump’s pro-fossil fuel stance—could impact market dynamics. However, Australia’s Labor government remains committed to renewables, which aligns with FMG’s strategy.
Market Forces: FMG’s founder, Andrew Forrest, believes that economic forces will drive the transition and China is behind this conviction—once renewables become cheaper than fossil fuels, the shift will accelerate.
FMG’s Real Zero goal remains ambitious but achievable, provided it continues investing in green technology and infrastructure.
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$15.73 |
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Mkt cap ! $48.43B | |||
| Open | High | Low | Value | Volume |
| $15.65 | $15.77 | $15.36 | $101.0M | 6.426M |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| FMG (ASX) Chart |