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Net-negative by 2050 is feasible
04/10/2024

Net-negative by 2050 is feasible

We have long called for abandoning ‘Net-zero by 2050’ as a dangerously false goal. Fortescue Metals Group and its Chair Andrew Forrest are to be applauded and followed – for having the clarity of view and plan, readiness and action to call global climate neutrality and net-zero targets by 2050 a ‘proven fantasy’ – and to promote absolute zero emissions globally by 2040 instead. Fortescue, the world fourth largest mining company is determined to be 100% fossil-fuel free by 2030. This implies that our global goal of being net-negative by 2050 is now seen as feasible by the successful leader of one of the world’s hardest-to-abate industrial sectors.


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Fortescue 6MW EV charger
Fortescue Zero & Downer Battery Electric Locomotive


We do not hold any interest or stake in Fortescue Metals Group.

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