Andrew Forrest, founder of Fortescue, has seemingly downgraded his ambitious goal to prioritize clean and green energy on two occasions, sparking curiosity about the driving forces behind this decision.
The facts indicate that Forrest is exiting his goal to produce green energy machinery and equipment, resulting in hundreds of employees being laid off from his UK plant in Oxfordshire, which employs 1,100 workers.
This move marks a significant backflip on Forrest's initial 'going green' plans.
The sudden change in direction raises questions about the economic factors at play, including the potential impact of China on Forrest's decisions.
Author's summary: Forrest's green goals face economic scrutiny.