Andrew Forrest, Fortescue's CEO, has seemingly downgraded his goal to be clean and green on two occasions.
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 is a backflip on Forrest's big 'going green' plans
This move raises questions about the underlying reasons, whether economic or political, such as China's potential influence.
Author's summary: Forrest's green goals face uncertainty.