Andrew Forrest slams nuclear energy push, proposes renewables shift

Australian billionaire Andrew Forrest has vocally criticized the country’s energy policies, particularly targeting the advocacy for nuclear energy by politicians, during a speech at the National Press Club. Forrest, renowned for his investments in renewable energy through his companies Fortescue and Tattarang, dismissed the proposition of nuclear energy as economically inefficient and misleading, branding it as “bulldust” and a “new lie.” He emphasized the importance of advancing towards renewable energy sources to address both climate change and energy crises, pointing out the inefficiency and high costs associated with nuclear energy, which he claimed would be four to five times more than renewables.

Forrest’s critique arrives amid discussions on Australia’s energy future and the Coalition’s initiative to reconsider the nation’s stance on nuclear energy. Arguing for an urgent transition away from fossil fuels, Forrest also proposed the introduction of a carbon solutions levy and a green hydrogen tax credit to foster the growth of the renewable sector. Additionally, he advocated for a climate trigger to halt projects that exacerbate global warming.

In a separate yet related development, Barnaby Joyce, a notable figure in Australian politics, announced a temporary withdrawal from parliamentary duties following an incident where he was filmed lying on a Canberra footpath, using profanities over a phone call. The incident, attributed to a combination of alcohol consumption and prescription medication, prompted discussions on enforcing regulations to prevent such occurrences among politicians. Joyce has since committed to abstaining from alcohol for Lent. This event occurs amidst broader controversies involving Nationals party members and adds to the ongoing dialogue on political conduct and the urgent need for environmental and energy policy reform in Australia.