Andrew Forrest, founder of Fortescue, has seemingly downgraded his ambitious goal to be clean and green on two occasions, sparking speculation about the underlying economic forces at play.
The facts suggest that Forrest is exiting his goal to produce green energy machinery and equipment, resulting in significant job losses at his UK plant in Oxfordshire, which employs 1,100 workers.
This move marks a backflip on Forrest's big 'going green' plans, leaving many to wonder what prompted this change.
The decision to jettison hundreds of employees from the Oxfordshire factory raises questions about the economic viability of Forrest's green initiatives.
Author's summary: Forrest's green goals face economic scrutiny.