Fortescue founder admits that a carbon tax will hurt but is necessary

Fortescue Metals Group’s Founder admits to having changed his mind on the debate surrounding a global tax on carbon emissions for the shipping industry.

Founder of Fortescue Metals Group, Andrew Forrest. | Photo: Nor-shipping

by IDHA TOFT VALEUR

The Australian mining company Fortescue Metals Group’s chairman and founder, Andrew Forrest, says a global tax on carbon emissions will be costly for shippers like him, but it is absolutely necessary for the green transition.

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