Fortescue founder Andrew Forrest is confident Donald Trump will ‘follow the money’ and back green energy should he win back the keys to the White House.
Fortescue founder Andrew Forrest at the company's AGM. Photo: Tom Zaunmayr
Speaking on the sidelines of Fortescue’s annual general meeting at Optus Stadium on Wednesday, Dr. Forrest said, Mr Trump had towed the line between green energy and fossil fuels to date, but that ultimately money would be a deciding factor for policy.
His comments came with Mr. Trump looking likely to win the US election for the Republican Party as votes were counted into the early hours of the morning.
“The biggest surge in investment which the US has had has been renewable energy,” Dr Forrest said.
“So, he is going to keep that economic engine rolling.
“He is an economic pragmatist, so he is going to follow the money, and the money is going into green energy.”
Dr Forrest said he was confident Fortescue could work with whoever the American people elected, and that he “just wanted to get the election out of the road” so more policy clarity could be provided around the Inflation Reduction Act.
That $US369 billion Act is important for Fortescue’s $550 million Arizona green hydrogen project which began construction in May.