Andrew Forrest, CEO of Fortescue, has seemingly downgraded his ambitious goal to transition to clean and green energy on two occasions.
The facts suggest that Forrest is exiting his plan to manufacture green energy machinery and equipment, resulting in the potential loss of hundreds of jobs at his UK plant in Oxfordshire, which employs 1,100 workers.
This sudden change in direction has raised questions about the economic feasibility of Forrest's initial plans and whether external factors, such as China's influence, may have contributed to this decision.
Forrest's big 'going green' plans have taken a backflip, leaving many to wonder what prompted this change.
Author's summary: Forrest's green goals face economic scrutiny.