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I'm not looking for votes, this is the hardcore reality. I think I can deliver that message much stronger, because I'm not a politician. Does the messenger actually need to be someone with a track record of creating jobs? The only difference between a coal-fired power plant and one reconfigured to green hydrogen is you will need more people to run those plants.īiden put jobs at the center of his climate messaging.

Those Republican rural communities have been sold this rubbish line of “it’s either coal or doom.” The real doom for them is if the world goes off and does something else and leaves them behind. What do you make of the states standing to benefit most from a coal to hydrogen transition tending to be more rural or Republican-leaning? There are more attractive regimes in Europe - which basically guarantee you no loss or a profit - but they’re complicated mechanisms.Ĭoal-fired power stations have all the linkages in and out, as well as approvals to produce power - that’s important too. It will cover a lot of the initial operating cost, and it's simple. It could go higher, it could be broader, but it is one hell of a good start. The Inflation Reduction Act hits about the right note. You’re married to energy, not coal.ĭoes this act make your investment case for green hydrogen? And is it enough to ensure America’s green energy transition? You're actually married to employment, family, community, making a difference and creating energy.

I've explained to, say, Joe Craft - a legendary Trump-aligned, heavy-duty coal guy - that you and your employees are not married to coal. So I tell them coal will come to an end, and that unless we back this bill, there’s no way out for your family and every other person's family who works on those coal plants. They look at me very much as one of them, right? I’m from their background, and I speak in black and white industrial language. This act could lead West Virginia, and other heavy industrial states, to become the green energy superpowers of the globe. I tell them this bill gives you a plan B for your coal-fired power stations. My trust comes from speaking to hardcore coal industry leaders, hearing their reactions. What’s your level of trust in climate aspects of the Inflation Reduction Act, and where does it come from? has flip-flopped on climate policy before. This interview has been edited for length and clarity. But Fortescue also has its sights set on Manchin territory: West Virginia. soil is set to be a conversion of Washington’s Centralia coal mine into a green hydrogen facility. His interest? Forrest’s first green project on U.S. | Courtesy Fortescue Future IndustriesĪndrew Forrest, Australia’s richest man (second-richest person) and the founder of Fortescue Future Industries, a global green energy company, sees the Inflation Reduction Act as critical to turning America’s coal-fired power-plants into green hydrogen plants. Andrew Forrest wants to bring green jobs to Sen.