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Green megalomania renews $80 bln Congo hydro dream

Australian mining magnate Andrew Forrest is taking his newfound zeal for renewable energy to the Democratic Republic of Congo. The founder and chairman of A$70 billion ($54 billion) Fortescue Metals (FMG.AX) has persuaded President Felix Tshisekedi to let his company lead development of hydroelectric power stations to generate as much as 40 gigawatts, or more than double China’s Three Gorges complex. It’s part of his fledgling drive to turn fossil-fuel-free hydrogen into a $12 trillion global market by 2050. This African plan, however, borders on green megalomania.

Beijing s jab rate shames Hong Kong

Mainland China’s push to get its citizens jabbed has accelerated, with Reuters data showing approximately one-third of the country’s 1.4 billion people have been inoculated against Covid-19. Local media reports that in the capital city of Beijing, with almost as many people as Australia, 72% of residents have had the shot. The People’s Republic is still some way behind the United States, where over half the population has had at least one stick, but it is averaging over 16 million new doses per day.

Australia s big boozy spinoff gauges ESG s S value

Australia s big boozy spinoff gauges ESG s S value
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