Fortescue on Accelerated Path for Net-Zero Emission: CEO

Fortescue on Accelerated Path for Net-Zero Emission: CEO

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Business

University

Hard

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Fortescue aims to achieve net zero emissions by 2030, focusing on eliminating diesel use in its mining fleet. The acquisition of Williams Advanced Engineering supports this goal by advancing battery technology. Fortescue plans to maintain Williams' UK operations while collaborating closely. The company is diversifying into green energy, with projects like Electrolyzer manufacturing in Queensland. Despite strong demand from China, Fortescue faces challenges such as labor shortages and border restrictions in Western Australia. The company has implemented COVID-19 management plans and vaccination mandates to address these issues.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of Fortescue's acquisition of Williams Advanced Engineering?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Fortescue plan to manage the ongoing border restrictions and labor demand?

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