Fortescue Delays Green Hydrogen Ambitions, Reaffirms Commitment To Future Projects
Portfolio Pulse from Stjepan Kalinic
Fortescue (OTC:FSUMF) has delayed its green hydrogen plans due to high energy prices and recent executive departures. The company remains committed to future green energy projects and has announced job cuts and new executive appointments.
July 18, 2024 | 12:26 pm
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Fortescue has delayed its green hydrogen plans due to high energy prices and recent executive departures. The company remains committed to future green energy projects and has announced job cuts and new executive appointments.
The delay in green hydrogen plans and recent executive departures could negatively impact investor sentiment in the short term. However, the company's commitment to future projects and new executive appointments may mitigate some concerns.
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