Forrest chased US coal plant buy to ‘influence’ key Democrat senator

The Australian Financial Review
06 Mar

Fortescue pursued a $200 million deal to buy West Virginia coal assets in 2022 because chairman Andrew Forrest wanted to cultivate a relationship with a key Democratic senator who was playing kingmaker to the Biden administration’s flagship climate and energy legislation at the time.

Internal documents, provided to a Connecticut court as part of a dispute between the mining giant and its one-time US partner, show Democrat senator Joe Manchin was personally trying to broker a deal between Fortescue and the American company that owned the coal-fired generators in the same week he cast the deciding vote to secure the passage of the $US369 billion Inflation Reduction Act program.

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