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Fortescue's Forrest on Trump Tariffs, Deep-Sea Mining "Farce", Ocean Conservation
Environmental Sustainability & Ocean Conservation - The industry emphasizes the importance of switching to environmentally friendly fuels to reduce heavy pollution from shipping [1] - Protecting marine life is a priority [1] - Deep sea mining is viewed skeptically due to ecological concerns [1] - Protecting 30% of the oceans can allow for sustainable fishing in the remaining 70% [5] - The industry highlights the need to avoid actions that "rape and pillage" the environment [3] Economic & Business Considerations - Responsible business practices should be regulated by responsible leaders [7] - Protecting the environment is a good investment for businesses [12] - Tariffs are seen as inflationary and causing economic distress [11] - A transition to green energy is essential for lowering the cost of living and increasing the standard of living [17] - The cost of transitioning to green energy is comparable to annual spending on fossil fuels, suggesting a quick payback [19] Energy Transition & Resource Management - There's a need for more copper and lithium for the energy transition [13] - The company is approached by countries with large copper and lithium deposits to lead responsible mining initiatives [14] - Green hydrogen projects faced delays due to concerns about cost of living [16] - The company is investing in green steel production [17]