We conduct public interest financial analysis on the most profound economic transformation since the industrial revolution: the transition from fossil fuels to clean energy.

Andrew Forrest-led Fortescue has blamed a troubled magnetite operation for losing ground to iron ore rivals BHP and Rio Tinto in the race to decarbonise despite setting far more ambitious net zero targets. Fortescue also maintains it is on the cusp of a major milestone in weaning itself off diesel-powered haul trucks after several years of trialling electric and hydrogen powered prototypes with varying degrees of success. A deep drive into emissions from Australia’s top 20 industrial and mining companies shows Fortescue’s emissions increased by 21.6 per cent over the past five years while BHP cut its emissions by 7.7 per cent and Rio by 2.1 per cent. Read more

Matt Pollard, Climate Energy Finance analyst, has recommended an alternative transition idea — use the subsidy to fund decarbonisation. “This would reform the FTC Scheme into a ‘cap-and-reinvest’ model, turning a headwind to diesel displacement by electrification and decarbonisation into a tailwind.” Read more

China is home to some of the world’s most dynamic low-carbon companies” that are “setting new benchmarks ​in high-end manufacturing,” said Natalie Blyth, HSBC’s global head ​of ⁠sustainable finance and transition. “As they scale internationally, they need financial partners with the global reach and expertise to support them. This facility is ⁠designed to ​provide exactly that,” Blyth said. Chinese firms ​have committed more than $180 billion to overseas clean tech investments since 2023, a December ​report by Australian research group Climate Energy Finance showed. Read more