Fortescue axes two green hydrogen projects after Trump administration’s shift on renewables
by Graham Readfearn from on (#6YWGN)
Lack of certainty' and step back in green ambition has made it hard for previously feasible projects to proceed, mining company says
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The iron ore magnate Andrew Forrest's Fortescue company has cancelled two major green hydrogen projects, laying some of the blame on the Trump administration's shift away from renewable energy.
Fortescue's decision to cancel the two ventures in Queensland and Arizona are the latest in a run of canned hydrogen projects in Australia and elsewhere that will raise further questions about the future of the clean fuel.
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