Fortescue have just backflipped on green hyrodrogen, https://www.copyright link/companies/mining/fortescue-puts-hydrogen-on-backburner-with-700-jobs-cut-20240717-p5jufj
700 jobs cut amid FMG combining its Metals and Energy business back to the same structure it had only a few ago (other than keeping two co-CEOs for now).
So after all the bluster about a climate crisis, lethal humdity and attacks on coal, oil and gas prodducers FMG is back to where it always was, a lower-grade iron ore producer.
Why is this relevant for WHC - well unlike cute slogans or FMG org charts, coal isn't going anywhere
Fortescue have just backflipped on green hyrodrogen,...
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