The energy crisis should spur companies to cut real emissions rather than rely on carbon offsets, or else face the price crunch of surging fossil fuel costs and more expensive offsets, Fortescue Metals chief executive Elizabeth Gaines has warned.
Addressing The Australia Financial Review ESG Summit on Wednesday, the outgoing CEO also cautioned against using the global energy crunch as a reason to back more fossil fuel developments amid skyrocketing oil and gas prices following Russia’s invasion of Ukraine.
Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
