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Companies using carbon credits to ‘cover their tracks’, says iron ore billionaire


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Andrew Forrest urges businesses to aim for ‘real zero’ to reduce environmental impact

Carbon offsets are questionable, dangerous and far from a good investment for companies hoping to reduce their environmental impact, Australia’s richest man has said.

Andrew Forrest, a billionaire turned philanthropist who made his fortune in mining and minerals, is turning his vast iron ore extraction operation, Fortescue Metals Group, into a zero carbon business.

Continue reading…Andrew Forrest urges businesses to aim for ‘real zero’ to reduce environmental impactCarbon offsets are questionable, dangerous and far from a good investment for companies hoping to reduce their environmental impact, Australia’s richest man has said.Andrew Forrest, a billionaire turned philanthropist who made his fortune in mining and minerals, is turning his vast iron ore extraction operation, Fortescue Metals Group, into a zero carbon business. Continue reading…