Andrew Forrest, CEO of Fortescue, has seemingly downgraded his goal to be clean and green on two occasions, sparking speculation about the underlying economic forces at play.
The facts are clear: Forrest is exiting his goal to produce green energy machinery and equipment, resulting in hundreds of employees being let go from his UK plant in Oxfordshire, which employs 1,100 workers.
This move is a backflip on Forrest's big 'going green' plans, leaving many to wonder what happened.
Author's summary: Forrest's green goals face economic challenges.