Part 3/10:
Similarly, Andrew Forrester’s company, Fortescue, also pulled the plug on two high-profile green hydrogen projects—one in Gladstone, Queensland, costing $142 million, and another in Arizona worth $900 million. Fortescue’s founder, Twiggy Forrest, cynically blamed US policies under Donald Trump for disincentivizing investment, despite the fact that Trump's policies largely focused on energy independence through traditional fossil fuels. This points to an inconvenient truth: green hydrogen remains economically unviable without hefty subsidies or regulatory protections.