Australian resource giant Fortescue Metals Group, one of the world’s biggest iron ore producers, has unveiled a $6.2 billion plan to transition to renewable energy by 2030. Its billionaire owner Andrew Forrest has urged other heavy industries to follow suit.
The mining major intends to quit key fossil fuel-related operations such as diesel and gas in favor of wind or solar to achieve “real zero” emissions by 2030.
Massive investments will be made in the generation of renewable energy sources to supply its mining operation, including the electrification of the railway that transports its iron ore.
