Fortescue Halts New U.S. Green Energy Projects

Fortescue Halts New U.S. Green Energy Projects

Australia’s energy and metals group Fortescue is reassessing timelines and pausing green energy project developments in the United States following the latest U.S. legislation to phase out renewable energy incentives, Fortescue’s founder and executive chairman, Andrew Forrest, told the Wall Street Journal in an interview. President Trump’s tax and spending act, the One Big Beautiful Bill Act, passed earlier this month, contains punitive provisio…