Fortescue Metals chief executive Dino Otranto has called on the Albanese government to fast-track a review of its climate safeguard mechanism which he said was “entirely compromised” by diesel tax credits and holding back the mining industry from decarbonising.

The mining giant also warned the West Australian government against palming off responsibility for local greenhouse emissions to Canberra, and said if the state wanted to streamline approvals it should instead prioritise green projects over traditional mining developments.