Department of Industry, Science and Resources
Correspondence To Department Executives Related To Fortescue Metals.
Summary
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A Department of Industry, Science and Resources policy officer circulated a media summary to green metals program teams on 4 September 2025 regarding industry positions on Australia's 2035 carbon emissions reduction target. The summary highlighted competing business lobbying efforts: Business for 75%, led by Future Super and Fortescue and backed by over 500 companies, advocated for a 75% emissions reduction target supported by Deloitte analysis, while the Australian Chamber of Commerce and Industry opposed more ambitious targets citing economic concerns. The summary also covered a Forests and Finance coalition report criticising financial institutions funding transition mineral mining for weak environmental and social governance policies, noting that 70% of transition mineral mines overlap with Indigenous lands and 71% are in high-biodiversity areas, with specific mention of Alcoa, Rio Tinto, and Fortescue operations.
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