Mining giant Fortescue Metals has announced plans to decarbonise its iron ore operations by 2030, saying it will invest more than $9 billion building batteries and greening its fleet of machineries, vehicles and trains.
Sky News Business Reporter Edward Boyd says it’s a “pretty ambitious announcement”.
“6.2 billion US dollars, it’s about 9.2 billion Aussie dollars invested, over the course … from basically now until 2030, but the bulk of the investment will be from 2024 to 2028,” Mr Boyd told Sky News Australia.
“That’s going to result in about 1.2 billion Australian dollars’ worth of cost savings each year, and those cost savings will come from 700 million litres of diesel not being used by 2030 and 15 million gigajoules of gas being saved by 2030 per annum as well.
“And that will result in about avoiding roughly three million tonnes of carbon emissions each year.”
source
Ignorance by ClimateChange cult will destroy the world economy
M0r0ns. They'll be out of business soon enough doing so as china and many other countries just laugh.
This is a NATIONAL SECURITY ISSUE.
There's a hell of a lot of organisations getting on board with something Sky News is always denying in happening
🤣😂🤣😂🤣😂
They're going woke. And we know what that means 😃
It will not go as planned for them
It’s just the reality of the situation
Batteries are made from mining
Eletric cats plug into the grid
It’s mental masturbation
How do you decarbonise carbon steel?
They already made plenty of profit so it's convenient to go woke and broke.
Direct injection engines have these problems.
If they can afford the downtime when the renewables are not performing well for a week or more due to weather conditions then they may be OK, but that's no way to run a normal economy or a society. If they are generating surplus power and converting it to liquid fuels they can have enough onsite storage to cover most contingencies, but there is no way it is not going to make their operating costs a lot higher.
They will be able to fill the holes they are digging with the renewable waste they are putting in.
……………………………………………………………bullshit!
at what cost to the taxpayer? govt grants, or tax offsets. this will be why forrest is buying up the gascoyne region, to cover it with turbines and solars. why not go nuclear? be a trend setter
Sounds like a song Dreamer nothing but a Dreamer .
❤Only for fans over 18 year⤵️ Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine sleepfriendd.Online Brünette und eine andere Blondine. Es wäre unfair, wennc ich 4 wählen würde
How the hell can industry “decarbonize,” unless it shuts down? Pure self-defeating, virtue signaling garbage.
😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣🙄
Oh , f off . This is a sure mess to come
Battery technology needs to get better first. lipo batteries are more costly than liquid petroleum in the grand scheme. AI controlled is what they are after.
Unless we're getting a lot of nuclear batteries your moving 5 ft
I’m shorting this green company and making a fortune…
How can they "decarbonise" when EVERYTHING! is made of carbon ? Even their glass houses and high horses and podiums …. they need to come down to earth and realize that humans cannot live without carbon !
First prize to the first lies.
Just another in a long list of miners transitioning to 100% renewables. Australia – the smart country!
Price down then
So they will stop breathing I'm assuming!!
Can't have ya cake and eat it too
Twiggy is backing Hydrogen. Hes not that dumb to move to solar
Car tires are made out of Carbon, and give of CO2. This is BS
Most mining equipment will be hydrogen powered so batteries are not needed
Humans are carbon based lifeforms….so they're going to fire all their employees.