Part 7/11:
Zemplas reflected on Forrest’s dual roles—clinging to his resource-based income from iron ore exports while publicly championing renewable energy initiatives—which he finds somewhat difficult to reconcile. Nonetheless, Forrest’s ambition reflects a broader trend of industry leaders pushing the envelope on green energy, even amid setbacks and reduced government support.
Canavan provided context on the challenges facing renewable energy projects in Australia, noting the increasing costs and cancellations of offshore wind farms and other green initiatives. He criticized the Albanese government for perceived overconfidence and a commitment to net-zero emissions, arguing that the policies have led to higher power prices instead of the promised relief.