(MT Newswires) -- Andrew Forrest, the founder of Fortescue, has announced an investment of between $40 billion and $50 billion to develop Australia's largest green electricity project. He criticises companies that do not commit to becoming more environmentally friendly by 2035. He also points out that his company uses more sustainable fuels, particularly in shipping. He also plays down concerns about the Chinese economy, anticipating a rebound in the property sector in the coming months, which should boost demand for iron ore.

Bloomberg videos