Fortescue ends interest in Russian hydrogen sector

Australian firm retreats from possible ventures following invasion of Ukraine

Australia’s Fortescue Future Industries, the renewables arm of major iron ore producer Fortescue Metals Group, has halted its interest in investing in hydrogen projects in Russia in response to the invasion of Ukraine. The company had been working closely with senior Russian government officials on potential projects and had agreed to join a working group to help drive the development of the hydrogen sector in the country, although it had not announced any firm investments. “We have been trying to work with Russia for some time, but we have made incredibly clear that you just have no excuse to go and invade another country,” Andrew Forrest, chairman of parent company Fortescue Metals, told A