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Fortescue reconsiders US hydrogen timeline after Trump win

Mark Wembridge

Fortescue is considering pausing almost $1 billion of approved hydrogen projects in Australia and the United States as it assesses the second Donald Trump administration’s attitude to clean energy.

The miner controlled by Andrew Forrest cut its full-year capital expenditure forecast by one-fifth to $US400 million ($630 million) at its energy division, reflecting reduced spending on green fuels projects and their slow adoption.

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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au

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    Original URL: https://www.afr.com/companies/mining/fortescue-reconsiders-us-hydrogen-timeline-after-trump-win-20250217-p5lctu