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Yogthos
@yogthos@social.marxist.network  ·  activity timestamp 6 days ago

Australia's Fortescue secured a yuan-denominated loan worth 14.2 billion Chinese yuan ($1.98 billion) to ramp up its decarbonisation plans, weeks after scrapping its $550 million green hydrogen project with the U.S. due to policy uncertainty.

https://www.reuters.com/sustainability/boards-policy-regulation/australias-fortescue-secures-yuan-loan-worth-2-billion-green-energy-plans-2025-08-07/

https://hydrogenindustryleaders.com/fortescue-cancels-550-million-green-hydrogen-hub-project-in-buckeye-amid-us-policy-uncertainty/

#usa #china #australia #economics #geopolitics

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