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    Andrew Forrest

    Yesterday

    Michael Myer, chairman of Sunshine Hydro, at site of its proposed Djandori 300 MW green hydrogen project south of Gladstone, Qld.

    Hydrogen credit could blow its $6.7b budget

    Sunshine Hydro chairman Michael Myer says international investment could mean the cost of the budget measure blows out, but is still worth the benefits.

    • Ben Potter

    This Month

    Scott Morrison and Donald Trump at Trump Tower, Manhatten,

    AUKUS is ok with Trump, says Morrison

    Donald Trump has indicated solid support for the AUKUS submarine deal, according to former prime minister Scott Morrison, who met with the former president at Trump Tower in New York on Wednesday AEST.

    • Matthew Cranston
    Treasurer Jim Chalmers at the National Press Club on Wednesday.

    Chalmers confronts his economic critics

    The treasurer insists his budget gets the balance right, even if the economists don’t agree. What will the Reserve Bank and the voters think?

    • Updated
    • Jennifer Hewett
    Westpac chairman Steven Gregg with Treasurer Jim Chalmers at the post-budget lunch.

    Dutton rejects ‘Rich Lister’ tax cuts

    The opposition has blasted $27.8 billion in production credits in the budget as “tax cuts for billionaires”, vowing to repeal them if elected.

    • Phillip Coorey and Brad Thompson
    Fortescue’s energy boss Mark Hutchinson.

    ‘Back in the game’: Hydrogen sector celebrates from afar

    Almost 50 Australian companies were in Rotterdam for the World Hydrogen Summit. When news of the budget bonanza came through, the reaction was ecstatic.

    • Updated
    • Hans van Leeuwen
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    Treasurer Jim Chalmers.

    Bull and the budget: supplicants take over Canberra 

    As the treasurer hands down his third budget, hasn’t he aroused a stupendous chorus of critics.

    • Updated
    • Myriam Robin and Mark Di Stefano
    Jim Chalmers’ third budget confirms the government’s willingness to spend up big even while proclaiming its fiscal rectitude.

    The costs of the future still start adding up today

    Jim Chalmers is betting he can get the balance right between curbing inflation in the short term while promoting growth in the longer term.

    • Jennifer Hewett
    ....

    Labor’s $24b green energy superpower bet

    The government has made a multi-billion dollar bet on renewable energy powered by hydrogen, critical minerals processing and commodity exports.

    • Ben Potter
    Hoping to be budget winners: Andrew Forrest, Gina Rinehart, Chris Ellison and Mike Henry.

    Miners hope for budget tax credits

    Lithium and nickel miners who lobbied for tax breaks are set to be among the big budget winners as the Albanese government tries to shore up its ‘made in Australia’ plans.

    • Brad Thompson

    Lendlease doubts $112m bill; Musk’s video win; Wall St legend’s truths

    Read everything that’s happened in the news so far today.

    Andrew Forrest in Davos earlier this near. The Fortescue executive chairman has been a critic of Woodside Energy in the past, but is on the same page when it comes to tax credit issues in the US.

    Fortescue, Woodside find common ground on green hydrogen

    Andrew Forrest has been one of the oil and gas giant’s biggest critics. The two are on the same page about US tax credits issues holding up renewable projects.

    • Brad Thompson
    Bitter rivalry: West Australian billionaires Andrew Forrest and Kerry Stokes.

    After losing a deal, Stokes’ newspaper pursued Forrest

    The West Australian published dozens of critical articles about Fortescue’s founder after he refused to buy trucks from a related company.

    • Updated
    • Aaron Patrick
    Seven West Media chairman Kerry Stokes.

    Billionaire Kerry Stokes takes it all very personally

    In the media business, he who controls distribution, controls all.

    • Mark Di Stefano and Myriam Robin
    Prime Minister Anthony Albanese.

    Why Albanese is going all in on gas

    The Labor government has infuriated climate activists by insisting that gas will play a crucial role in the energy transition for many decades to come. Big producers like Woodside will wait to see what that means.

    • Jennifer Hewett
    Austal chief executive Paddy Gregg with the USS Canberra at Sydney harbour.

    Backers of takeover target Austal want Hanwha in the race

    Austal shareholders say the opening shots in takeover battle for the defence ship builder have fallen well short of the mark, but granting due diligence would be a start.

    • Brad Thompson
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    Fortescue founder Andrew Forrest says the US is in danger of killing off green hydrogen.

    Forrest accuses US of sacrificing green dream to fossil fuel lobby

    Fortescue founder Andrew Forrest unleashed on the US government over a threat to tax credits that underpin an $836 million green hydrogen project in Arizona.

    • Brad Thompson

    April

    Wyloo boss  Luca Giacovazzi  and Ardea Resources boss Andrew penkethman at a nickel crisis meeting in January.

    Japan Inc backing for nickel mine puts BHP bailout in doubt

    Sumitomo and Mitsubishi have agreed to back Ardea Resources and its $3.1 billion nickel laterite and cobalt project, about 80 kilometres from Kalgoorlie and BHP’s ageing nickel smelter.

    • Brad Thompson

    What Forrest’s fight with Meta reveals about taking on big tech

    After suffering a setback in Australian courts, the next bout of Andrew Forrest’s legal fight against Facebook owner Meta will take place in California next month.

    • Tess Bennett
    Fortescue chief executives Mark Hutchinson (energy) and Dino Otranto (metals).

    Fortescue playing catch up on iron ore shipments

    The Andrew Forrest-led miner is adamant it can hit the lower end of guidance for shipments in 2023-24, despite its problems over the past three months.

    • Brad Thompson
    Minderoo Foundation chief executive John Hartman.

    Forrest-backed Minderoo to become bigger philanthropic force

    The financial endowment behind Andrew and Nicola Forrest’s philanthropic Minderoo Foundation is expected to grow towards $40 billion by the end of the decade.

    • Brad Thompson