"....significant government support will be needed to secure...

"....significant government support will be needed to secure investment in this emerging sector."

More government support?

Maybe, before dishing out taxpayer funds to those wanting to fly the next ideological kite, the government should first require companies to repay support and incentive payments they received for the ill-considered hydrogen grift over the past three years.

If green iron is such a great commercial idea why isn't the private sector happy to stump up its own capital to get involved without needing a leg-up from the taxpayer?

I mean, in the same breath you are saying the government must step in, your own company Fortescue, is throttling back on its investment in green initiative.

Bit rich, innit?


"If Australia acts quickly with strategic public-private partnerships, it could dominate the green iron market, securing a major new export industry while supporting global decarbonization efforts. However, delays or insufficient policy support could see the opportunity slip away."

Why would the opportunity "slip away", if it is such a great commercial idea?
No one will ever own the exclusive patent to make green steel.

Now that the hydrogen idea has ended the way the laws of Physics and Economics predicted it would (i.e., in failure), I see A. Forrest increasingly jawboning about the appeal of green steel while at the same running a rather histrionic narrative about how the Pilbara risks being destined for an economic wasteland [*] without it.

If the FMG directors and shareholders like you who are true believers in green steel think it is a great business idea that is going to revolutionise the global steel industry, why doesn't the FMG Board simply suspend the dividend indefinitely to fund the construction of a full-scale green iron plant?

Presumably you'd vote in favour of that strategy, right?


[*] As if. Most of the participants on this forum will have shuffled off their mortal coils and they will still be digging up iron ore in the Pilbara decades later (although likely not as profitably as in the past decade and a half.)

.