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Forrest allegedly chased coal plant buy to ‘influence’ key US senator

Peter Ker

Fortescue pursued a $200 million deal to buy West Virginia coal assets in 2022 because chairman Andrew Forrest wanted to cultivate a relationship with a key Democratic senator who was playing kingmaker to the Biden administration’s flagship climate and energy legislation at the time.

Internal documents provided to a Connecticut court as part of a dispute between the mining giant and its one-time US partner show Democrat senator Joe Manchin was personally trying to broker a deal between Fortescue and the American company that owned the coal-fired generators in the same week he cast the deciding vote on the passage of the $US369 billion Inflation Reduction Act program.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/forrest-chased-us-coal-plant-buy-to-influence-key-democrat-senator-20250305-p5lh6i