Crikey wraps up the links:
Andrew “Twiggy” Forrest had promised Australia will become the renewable green hydrogen superpower of the world, The Australian ($) says. Fortescue Metals Group’s (FMG) subsidiary Fortescue Future Industries will commit to 15 million tonnes of green hydrogen a year by 2030, scaling up to 50 million tonnes “over time”, he says. Forrest’s FMG — which he founded 18 years ago — has generated more than 2 million tonnes of greenhouse gas a year, but the businessman said he plans to “crack the code to decarbonising heavy industry”. Green hydrogen is hydrogen that is made through the electrolysis of water, leaving nothing but oxygen as a byproduct, Columbia University’s Climate School explains.
It comes as BHP is betting billions on a lower-carbon future, too. The mining titan is planning to dump oil and gas assets into Perth-based Woodside Petroleum, The Guardian reports, which would make Woodside one of the biggest energy producers in the world. BHP’s exit from petroleum, which made up 5% of its annual earnings, will speed up its departure from fossil fuels, Reuters says. BHP will also be combining the Australian and UK arms into one company and will bail on the London Stock Exchange in the process (the company’s primary listing will now be in Sydney, The Wall Street Journal says).
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