An Aussie tycoon bets billions on cleaning up iron ore giant

Moored off a Manhattan pier for New York’s annual Climate Week is one of the world’s first ammonia-powered vessels — a green flagship for an Australian tycoon’s drive to decarbonize his mining empire.Even as President Donald Trump’s second term has triggered environmental backtracking among many corporations, iron ore giant Fortescue — founded by Andrew “Twiggy” Forrest — is investing billions to clean up its dirty operations.”We’re a huge polluter right now,” he told AFP in an interview aboard the Green Pioneer, a 75-meter former oil-rig supply ship given a swish makeover. “But we’re changing so fast, and within five years, we’ll stop burning fossil fuels.”The Green Pioneer is meant to be the first in a fleet of ammonia-powered ships. Ammonia contains what Forrest calls the “miracle molecule” — hydrogen. Ammonia burns to produce harmless nitrogen and water, though incomplete combustion of can still generate greenhouse gases.- ‘Real Zero,’ not offsets -The 63-year-old Forrest has become a fixture at global summits, rubbing shoulders with leaders such as European Commission President Ursula von der Leyen as he evangelizes his climate vision.Where other companies tout green credentials by buying carbon credits — generated through nature protection or carbon-removal projects for example — to claim “net zero,” Forrest dismisses the practice as a scam.”Carbon credits have already been proved by science to be next to worthless,” said Forrest, whose net worth Forbes pegs at more than $16 billion. “That’s why we go ‘Real Zero.'”Achieving genuine decarbonization by 2030 is no small feat, particularly in one of the world’s dirtiest industries. Fortescue’s plan involves replacing diesel-powered mining equipment with electric excavators and drills; building vast wind, solar and battery farms to power operations; and running battery-powered haul trucks.Further along the value chain, the company wants to process its own iron ore — the stage responsible for the lion’s share of emissions — using “green hydrogen” produced by splitting water molecules with renewable electricity, instead of coke or thermal coal.”Fortescue’s climate commitments are certainly different to most other corporations, including its peers in the iron ore mining sector” such as Rio Tinto and BHP, Simon Nicholas, the Institute for Energy Economics and Financial Analysis’ lead analyst for global steel told AFP. “It has a ‘green iron’ pilot plant under construction in Australia which will use green hydrogen. The company is aiming to eventually process all of its iron ore into iron for export — about 100 million tonnes a year” — and even getting close to those targets would be transformative, said Nicholas.- Technical challenges -But he cautioned that the technological hurdles remain immense: green hydrogen is still expensive, and the pilot plant must prove it can handle lower-grade ore.Then there’s the inherent ecological cost of mining. “If you destroy parts of a forest, including its soils, for your mining operation, even if you don’t use fossil fuels for your operations, you will not be ‘true zero,'” Oscar Soria, co-director of The Common Initiative think tank told AFP.Forrest’s outlook is grounded in his personal journey.Raised in the Australian Outback, where he earned the nickname “Twiggy” for his skinny childhood frame, he got his start in finance before taking over a company and renaming it Fortescue Metals Group in 2003.Forrest said his environmental commitment deepened after a hiking accident in 2014 left him temporarily wheelchair-bound. Encouraged by his children, he returned to university and completed a PhD in marine ecology.”That convinced me I’ve got to put every fiber of my being into arresting this threat so much bigger than any geostrategic issues, so much bigger than politics, so much bigger than anything,” he said.Climate now sits at the heart of his philanthropic Minderoo Foundation.And while the Trump administration derides the “green scam” as economically catastrophic, Forrest insists the opposite is true, pointing to Fortescue’s financial record.”Don’t accuse us of being unbusiness-like. We’re the most business-like in the world.”

An Aussie tycoon bets billions on cleaning up iron ore giant

Moored off a Manhattan pier for New York’s annual Climate Week is one of the world’s first ammonia-powered vessels — a green flagship for an Australian tycoon’s drive to decarbonize his mining empire.Even as President Donald Trump’s second term has triggered environmental backtracking among many corporations, iron ore giant Fortescue — founded by Andrew “Twiggy” Forrest — is investing billions to clean up its dirty operations.”We’re a huge polluter right now,” he told AFP in an interview aboard the Green Pioneer, a 75-meter former oil-rig supply ship given a swish makeover. “But we’re changing so fast, and within five years, we’ll stop burning fossil fuels.”The Green Pioneer is meant to be the first in a fleet of ammonia-powered ships. Ammonia contains what Forrest calls the “miracle molecule” — hydrogen. Ammonia burns to produce harmless nitrogen and water, though incomplete combustion of can still generate greenhouse gases.- ‘Real Zero,’ not offsets -The 63-year-old Forrest has become a fixture at global summits, rubbing shoulders with leaders such as European Commission President Ursula von der Leyen as he evangelizes his climate vision.Where other companies tout green credentials by buying carbon credits — generated through nature protection or carbon-removal projects for example — to claim “net zero,” Forrest dismisses the practice as a scam.”Carbon credits have already been proved by science to be next to worthless,” said Forrest, whose net worth Forbes pegs at more than $16 billion. “That’s why we go ‘Real Zero.'”Achieving genuine decarbonization by 2030 is no small feat, particularly in one of the world’s dirtiest industries. Fortescue’s plan involves replacing diesel-powered mining equipment with electric excavators and drills; building vast wind, solar and battery farms to power operations; and running battery-powered haul trucks.Further along the value chain, the company wants to process its own iron ore — the stage responsible for the lion’s share of emissions — using “green hydrogen” produced by splitting water molecules with renewable electricity, instead of coke or thermal coal.”Fortescue’s climate commitments are certainly different to most other corporations, including its peers in the iron ore mining sector” such as Rio Tinto and BHP, Simon Nicholas, the Institute for Energy Economics and Financial Analysis’ lead analyst for global steel told AFP. “It has a ‘green iron’ pilot plant under construction in Australia which will use green hydrogen. The company is aiming to eventually process all of its iron ore into iron for export — about 100 million tonnes a year” — and even getting close to those targets would be transformative, said Nicholas.- Technical challenges -But he cautioned that the technological hurdles remain immense: green hydrogen is still expensive, and the pilot plant must prove it can handle lower-grade ore.Then there’s the inherent ecological cost of mining. “If you destroy parts of a forest, including its soils, for your mining operation, even if you don’t use fossil fuels for your operations, you will not be ‘true zero,'” Oscar Soria, co-director of The Common Initiative think tank told AFP.Forrest’s outlook is grounded in his personal journey.Raised in the Australian Outback, where he earned the nickname “Twiggy” for his skinny childhood frame, he got his start in finance before taking over a company and renaming it Fortescue Metals Group in 2003.Forrest said his environmental commitment deepened after a hiking accident in 2014 left him temporarily wheelchair-bound. Encouraged by his children, he returned to university and completed a PhD in marine ecology.”That convinced me I’ve got to put every fiber of my being into arresting this threat so much bigger than any geostrategic issues, so much bigger than politics, so much bigger than anything,” he said.Climate now sits at the heart of his philanthropic Minderoo Foundation.And while the Trump administration derides the “green scam” as economically catastrophic, Forrest insists the opposite is true, pointing to Fortescue’s financial record.”Don’t accuse us of being unbusiness-like. We’re the most business-like in the world.”

Budget: Lecornu écarte plusieurs demandes de la gauche

Le Premier ministre Sébastien Lecornu a promis vendredi soir un gouvernement pour début octobre et écarté plusieurs demandes de la gauche, alors qu’il disait vouloir tendre la main aux socialistes pour ne pas être censuré. “Le compte n’y est pas” a d’emblée réagi le numéro deux de la CFDT Yvan Ricordeau, qui prévoit avec les autres syndicats une nouvelle journée de mobilisation jeudi.”Aucun effort n’a été réalisé”, a dénoncé sur TF1 le patron du PS Olivier Faure, le parti estimant dans un communiqué que le Premier ministre a “fermé toutes les portes”. “Sans changement majeur d’orientation, nous censurerons ce gouvernement”, indiquent encore les socialistes, qui accepteront néanmoins de rencontrer M. Lecornu “une dernière fois” à Matignon, “la semaine prochaine”.Le leader de La France insoumise, Jean-Luc Mélenchon, en a profité pour appeler le reste de la gauche à voter la motion de censure qui sera déposée par ses députés dès le début de la session parlementaire qui s’ouvre le 1er octobre.Alors que le président de la République avait invité son Premier ministre à “travailler” avec les socialistes, “ce soir la porte a été fermée”, décrypte un responsable du bloc central.Sébastien Lecornu, nommé il y 17 jours, promet, dans un entretien au Parisien, un gouvernement “avant le début des travaux parlementaires”, soit début octobre, mais il ne s’engage pas sur une date précise.Il a convié les groupes politiques de l’Assemblée nationale et du Sénat vendredi prochain, selon Matignon.Après avoir multiplié les consultations, il évacue toute volonté de “débauchage” de personnalités issues du PS – qui lui-même ne veut pas entrer au gouvernement – car ses futurs ministres devront “partager les grandes orientations du socle commun” composé de la droite et du centre. – “Feuille blanche” -“Il ne ferme pas de portes, il ouvre les débats” qui auront lieu au Parlement ou par le dialogue social, estime son entourage.Mais il ne lève pas beaucoup le voile sur le contenu de son budget, écartant surtout plusieurs revendications des syndicats et de la gauche, comme le retour de l’impôt sur la fortune, supprimé depuis 2017, ou la taxe Zucman.”Faut-il encore augmenter les impôts globalement ? Je ne le veux pas”, affirme le nouveau locataire de Matignon, fidèle au mantra fiscal d’Emmanuel Macron, même si “certains augmenteront” et “d’autres diminueront” dans le prochain budget.Autre demande d’une partie de la gauche, la suspension de la réforme des retraites n’est pas à l’ordre du jour: cette option “ne règlerait aucun des problèmes” que sont pour lui la situation des femmes et la pénibilité au travail, dit-il.Sébastien Lecornu assure néanmoins que le prochain budget ne sera pas “d’austérité et de régression sociale”, et repartira d’une “feuille blanche” que les parlementaires sont invités à remplir. Il efface donc le plan de son prédécesseur François Bayrou qui prévoyait 44 milliards d’euros d’économies et promet que “les moyens consacrés aux retraites” augmenteront de six milliards d’euros, et ceux pour la santé de cinq.Il esquisse quelques pistes de baisse des dépenses: réduire de 6 milliards d’euros le “train de vie” de l’Etat, une “meilleure maîtrise des dépenses sociales et des collectivités territoriales”, ainsi qu’un “projet de loi ambitieux de lutte contre les fraudes sociales et fiscales” qui sera présenté au Conseil des ministres en même temps que les projets de budget. Le président du Medef (patronat) Patrick Martin s’est réjoui auprès de l’AFP de “la priorité” que semble accorder le Premier ministre à la réduction des dépenses publiques.- “Examiner” l’AME -Alors que la dette publique a encore gonflé au deuxième trimestre à 115,6% du PIB, il dit viser désormais 4,7% de déficit, au lieu de 4,6%, un objectif qu’il juge néanmoins “pleinement compatible” avec celui de 3% en 2029, qui reste inchangé.Si le Premier ministre semble fermer la porte aux demandes des socialistes, le Rassemblement national va redevenir l’arbitre et la dernière force politique sur laquelle il pourrait s’appuyer pour éviter de tomber.A cet égard, il dit vouloir “examiner” les évolutions possibles de l’Aide médicale d’Etat (AME), dans le collimateur de la droite et de l’extrême droite mais défendue par la gauche. Il a reçu cette semaine les auteurs d’un rapport sur ce dispositif destiné aux étrangers en situation irrégulière.A propos du décret de la troisième programmation pluriannuelle de l’énergie, la feuille de route énergétique de la France, il écarte toute idée de moratoire sur les énergies renouvelables pour éviter une censure du RN. “En revanche, comme pour tout euro d’argent public dépensé, aucune rente ne sera tolérée”, dit-il.Sébastien Lecornu arrive à Matignon avec une cote de confiance proche de celle de François Bayrou lors de son arrivée en décembre 2024, selon un baromètre mensuel Toluna/Harris Interactive.

Trump’s revenge campaign is just getting started

Donald Trump recently said that “I hate my opponent.” Now the US president is making them pay.The indictment of former FBI chief and critic James Comey is the starkest and most high-profile confirmation of Trump’s repeated vows to exact revenge on his political enemies.But the Republican has made it clear it’s only the beginning. Trump called on Friday for more prosecutions of his foes as he continues to shatter the norms of American politics.”I hope there will be others,” Trump told reporters at the White House, describing Comey as a “dirty cop.”Trump has long fumed about Comey for the investigation that the FBI conducted into whether Trump colluded with Russia to win the 2016 election.Democrats said Trump’s targeting of his opponents resembled those in authoritarian regimes. Andrew Bates, former senior deputy press secretary in president Joe Biden’s White House, said Trump was already “historically unpopular” because of a failure to tackle “costs, chaos and corruption that he promised to fight.””I don’t see the genius in following that up with ‘watch me spit on George Washington’s memory so I can dress up like Kim Jong Un,'” Bates told AFP.- ‘Witch hunt’ -Trump’s administration insists it is not about weaponizing justice — the exact same thing it has accused Biden of doing.”It’s about justice really, it’s not revenge,” Trump told reporters at the White House on Friday. “They are sick, radical left people, and they can’t get away with it.”But other recent comments showed how personal it was for the 79-year-old.”James ‘Dirty Cop’ Comey was a destroyer of lives” Trump said on Truth Social just hours earlier.By “lives,” Trump meant his own, from what he calls the Russia “witch-hunt” to the series of criminal and civil charges following his 2020 election defeat and the January 6 2021 Capitol riots. Now critics say it is Trump leading a witch hunt since his return to office. He has made unprecedented use of presidential power to make law firms, universities, federal employees and media outlets have all been forced to bend the knee.He has also loaded the top echelons of US justice with allies, including the conspiracy theory-promoting Kash Patel as the current FBI chief.But his revenge campaign has now entered a new stage in which his opponents now risk time behind bars.The American Civil Liberties Union said Comey’s indictment was “the latest in a series of Trump Administration actions targeting political opponents of the president and exploiting the powers of the federal government to do so.”- ‘There will be others’ -Trump has also given up any pretense of maintaining the firewall between the White House and the Justice Department that US presidents have insisted on since the Watergate scandal toppled Richard Nixon in the 1970s.At the weekend Trump publicly berated Attorney General Pam Bondi for failing to take any action against Comey and others — and got his wish within days.Future targets could include former New York state prosecutor Letitia James, who brought a civil fraud case against Trump, and California Senator Adam Schiff, who led the prosecution at the president’s first impeachment in 2019.The Justice Department is reportedly pushing for charges against John Bolton, Trump’s former national security advisor-turned-critic, whose house was raided by FBI agents recently.”It’s not a list but I think there will be others,” Trump said Friday.When it comes to his attitude to his perceived enemies, Trump said the quiet part out loud earlier this month at the funeral of assassinated right-wing activist Charlie Kirk.Noting that the combative Kirk had still wished his opponents well, Trump said: “That’s where I disagreed with Charlie. I hate my opponent and I don’t want the best for them.”

Madagascar energy minister sacked amid protests over power cutsFri, 26 Sep 2025 18:53:41 GMT

Madagascar’s president on Friday sacked his energy minister in a bid to calm protests over power cuts and water shortages, which had left wreckage strewn across the capital a day earlier.Police used rubber bullets and tear gas to disperse crowds of mostly young people in Antananarivo on Thursday, in protests President Andry Rajoelina branded “acts …

Madagascar energy minister sacked amid protests over power cutsFri, 26 Sep 2025 18:53:41 GMT Read More »

Netanyahu says Palestinian state would be ‘national suicide’ for Israel

Israeli Prime Minister Benjamin Netanyahu vowed Friday in an angry UN address to block a Palestinian state, accusing European leaders of pushing his country into “national suicide” and rewarding Hamas.Netanyahu, who said his speech was being partially broadcast on Israeli military loudspeakers in Gaza, vowed to “finish the job” against Hamas even as President Donald Trump said he thought he had sealed a deal on a ceasefire.Days after Britain, France and other Western powers recognized a state of Palestine, Netanyahu said that they had sent “a very clear message that murdering Jews pays off.””Israel will not allow you to shove a terrorist state down our throats,” Netanyahu said.”We will not commit national suicide because you don’t have the guts to face down the hostile media and antisemitic mobs demanding Israel’s blood,” he said.Hamas carried out the worst-ever attack on Israel on October 7, 2023, triggering a relentless Israeli offensive in Gaza.Palestinian Authority president Mahmud Abbas, a rival of Hamas, condemned the attack as well as antisemitism in his own address Thursday, which he delivered virtually after the United States refused him a visa.Netanyahu — who has opposed a Palestinian state for decades — mocked Western support for Abbas and called the Palestinian Authority “corrupt to the core.”But Palestinian foreign ministry official Adel Atieh called Netanyahu’s address “the speech of a defeated man.” Netanyahu notably did not touch on the issue of annexing the West Bank, which some members of his cabinet have threatened as a way to kill any prospect of a real Palestinian state.Trump, normally a staunch ally of Netanyahu, has warned against annexation as he pitches a peace plan on Gaza that would include the disarmament of Hamas.Netanyahu went out of his way to praise Trump, whom he will meet Monday in Washington.Trump said Friday just after Netanyahu spoke, “I think we have a deal.”Former British prime minister Tony Blair was floated in some media reports as a possible leader of a transitional authority for Gaza under the US proposals.- Protests and circuitous route -With Netanyahu facing an International Criminal Court arrest warrant over war crime allegations, including using starvation as a weapon, the Israeli prime minister took an unusual route to New York that included flying over the narrow Strait of Gibraltar.As he walked up to the General Assembly rostrum many delegations walked out. Protesters marched nearby in Times Square calling for his arrest.”War criminals don’t deserve any peace of mind. They don’t deserve any sleep,” said Andrea Mirez, a young woman who kept up an overnight noisy protest outside Netanyahu’s hotel.Netanyahu in his address aggressively challenged allegations that Israel was committing genocide in Gaza, noting Gazans were repeatedly urged to flee.However, humanitarian law also considers forced displacement to be a war crime. Nearly the entire population of the Gaza Strip has been displaced during the war.The October 7, 2023 attack by Hamas killed 1,219 people, also mostly civilians, according to an AFP tally from Israeli official figures, in the deadliest day in the country’s history.Israel’s offensive has killed more than 65,549 Palestinians, mostly civilians, according to health ministry figures in the Hamas-run territory that the United Nations considers reliable.Twenty people across Gaza were killed Friday ahead of Netanyahu’s speech alone, Gaza’s civil defense agency reported.Medical charity Doctors without Borders said Friday it had been forced to suspend its work in Gaza City because of the ongoing Israeli offensive.- ‘Not forgotten you’ -Netanyahu said that his speech was broadcast in part on loudspeaker in hopes of reaching both Hamas leaders and hostages still held since the October 7, 2023 attack.”We have not forgotten you — not even for a second,” Netanyahu said in Hebrew.A number of hostage families have criticized Netanyahu’s renewed military campaign and sought a ceasefire to save their loved ones.Netanyahu spoke months after he ordered a major bombing campaign of Iran’s nuclear sites.During his speech he showed a map of the Middle East, taking out a pen to cross out adversaries Israel has killed. Iran boycotted the speech.

Kolisi warns ‘resilient’ Boks are braced for Puma maulingFri, 26 Sep 2025 17:58:06 GMT

Springbok captain Siya Kolisi said Friday that this weekend’s clash against Argentina in Durban was “like a semi-final” for the Rugby Championship. With two matches remaining, all four Southern Hemisphere nations can claim the trophy, as each has two wins.”It’s like playing a semi-final tomorrow (Saturday) because ourselves and Argentina have the opportunity to win the …

Kolisi warns ‘resilient’ Boks are braced for Puma maulingFri, 26 Sep 2025 17:58:06 GMT Read More »

Cameroon’s President Biya: absent candidate in electionFri, 26 Sep 2025 17:41:07 GMT

As campaigning starts on Saturday for Cameroon’s presidential election, the nation is puzzling over the whereabouts of the lead candidate: its 92-year-old leader, Paul Biya, the world’s oldest head of state.In power since 1982 and seeking an eighth term in office in the October 12 polls, Biya left the central African country on Sunday for …

Cameroon’s President Biya: absent candidate in electionFri, 26 Sep 2025 17:41:07 GMT Read More »