Corporations using ‘ineffectual’ carbon offsets are slowing path to ‘real zero’, more than 60 climate scientists say

Pledge signed by experts from nine countries reflects concerns that offsets generated from forest-related projects may not have cut emissions

Carbon offsets used by corporations around the world to lower their reportable greenhouse gas emissions are “ineffectual” and “hindering the energy transition”, according to more than 60 leading climate change scientists.

A pledge signed by scientists from nine countries, including the UK, the US and Australia, said the “only path that can prevent further escalation of climate impacts” was “real zero” and not “net zero”.

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Australian mining magnate Andrew Forrest can sue Meta over Facebook scam ads, US court rules

The Australian mining magnate can try to prove that Meta was negligent in allowing scam ads on Facebook, judge says

A US judge has rejected Meta Platforms’ bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that use his likeness to promote fake cryptocurrency and other fraudulent investments.

In a decision on Monday, US district judge Casey Pitts in San Jose, California, said Forrest could try to prove that Meta’s negligence in allowing the ads breached its duty to operate in a commercially reasonable manner.

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Andrew Forrest accuses Facebook of ‘blatantly refusing’ to take action against scam ads

The Australian billionaire’s criminal case against Meta in WA was discontinued on Friday by the commonwealth prosecutor

The Australian billionaire and philanthropist Andrew Forrest has accused Facebook’s parent company of “blatantly refusing” to take action against scam ads on its platform, as a criminal case he brought against Meta in WA was discontinued.

On Friday, the commonwealth Director of Public Prosecutions filed a discontinuance motion in the criminal case brought by Forrest in the Western Australia district court over scam cryptocurrency ads bearing his likeness on Facebook.

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Australia news live: Daniel Andrews fires up over ‘Dictator Dan’ moniker; festival-goers warned about heatwave conditions

Former Victorian premier gives first interview after resignation, saying ‘the haters hate and the rest vote Labor’. Follow the day’s news live

James Ashby to stand for One Nation in Queensland seat

James Ashby, the chief of staff to One Nation leader Pauline Hanson, will stand for the party in the seat of Keppel at next year’s Queensland state election, AAP reports.

The Nationals are dead in Queensland’s parliament while the Liberals are lurching further left in their attempts to secure inner-Brisbane seats.

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Shareholders of mining company Fortescue deliver protest vote against executive pay plans

Iron ore miner rebuked with 52% of investors voting against remuneration report amid senior staff departures

Iron ore miner Fortescue received a stern rebuke of its executive pay plans on Tuesday, with shareholders registering a strike against the company after a tumultuous period of senior staff turnover.

The Andrew Forrest-chaired company lost the chief executive of its mining business, its chief financial officer and a high-profile former director in quick succession earlier this year, causing shareholder angst.

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Billionaire miners Andrew and Nicola Forrest buy Australian hatmaker Akubra

Outgoing chairman Stephen Keir IV says family-owned company ‘thought long and hard about selling business after five generations’

Iconic Australian hatmaker Akubra is changing ownership for the first time in five generations.

Tattarang, owned by Australian businessman Andrew “Twiggy” Forrest and his wife Nicola, has acquired Akubra from the Keir family, who trace their ownership back 147 years.

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Meta fights Andrew Forrest for documents in battle over alleged crypto scam

Facebook owner issues summons to demand files as it prepares defence over accusations it allowed bogus ads to use billionaire’s image

Facebook’s parent company Meta has issued a summons for billionaire Andrew Forrest to hand over sensitive documents amid a legal battle over an alleged cryptocurrency clickbait advertising scam.

Lawyers for the tech giant took the unusual step of issuing a summons to demand 20 categories of documents, alleging the mining magnate’s lawyers had failed to hand over papers relevant to the legal battle.

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Atagi recommends additional Covid vaccine booster for people over 75 – as it happened

Health minister’s office confirms government has accepted expert body’s advice. This blog is now closed

AMA says Coalition should ‘get out of the way’ of 60-day dispensing changes

The Australian Medical Association has welcomed the start of 60-day dispensing and urged the Coalition against reversing the decision. The opposition is expected to attempt to overturn the decision with a disallowance motion when parliament resumes next week.

Patients have waited for five years to get the hip pocket savings this policy delivers due to hardline opposition from pharmacy owners. It’s time for patients to get a fair go and for the Coalition to get out of the way of this long overdue health reform and to stop defending pharmacy owner profits.

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Australia news live: NSW to review ‘red flags’ systems after child abuse charges; premier calls for urgent meeting of state agencies

Chris Minns calls meeting of state government agencies after Queensland childcare worker was charged with 1,623 child abuse offences. Follow live news updates today

In a back and forth between Patricia Karvelas and prime minister Anthony Albanese on whether he supports a federal treaty, he says the no voice to parliament campaign is trying to muddy the waters:

What the no campaign want to do is to focus on everything that’s not happening.

What is happening is a vote in the last quarter of this year for a voice to parliament. And what that is about is recognising First Nations people in our constitution and then listening to Indigenous Australians so as to get better results. That’s what the focus is on. And what I find, I think, very enlightening, is … the no campaign want to talk about everything except for the question.

Well, where does it say that? It doesn’t even say that in the Uluru statement. It doesn’t say that, it doesn’t speak about the commonwealth negotiating treaties. It doesn’t say that Patricia. So don’t get sucked into it.

Today, the Greens need to vote for this legislation. You can’t say that you’re supporting housing, supply, public housing and then vote against it.

I’m not prepared to negotiate on Radio National, Patricia. People talk all the time across the parliament all the time.

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Billionaire investor threatens to pull out of UK amid global outcry at new oil rush

Australian mining entrepreneur Andrew Forrest criticises ‘clickbait’ fossil fuel plans as others say Britain has lost credibility

The billionaire Australian mining tycoon and investor Andrew Forrest has led international condemnation of the UK’s new oil rush, saying he would pull his major investment from the country if the prime minister pursued “clickbait” fossil fuel policies.

The iron ore magnate, who also runs the Minderoo Foundation philanthropic organisation, threatened to move his investments out of the UK over Rishi Sunak’s swivel towards new oil and gas drilling.

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Iron ore giant Fortescue Metals targeted by Russian ransomware group

Australian mining company confirms hack occurred on 28 May but data disclosed ‘was not confidential in nature’

Australian iron ore miner Fortescue Metals has been the target of a cyber-attack, with Russian ransomware group C10pm claiming credit, including for the theft of data.

Fortescue confirmed the hack, describing it as “a low-impact cyber incident” that occurred on 28 May.

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Andrew Forrest cleared of wrongdoing after Fortescue ordered review into anonymous allegation

Mining company engaged a private law firm to investigate when directors became aware of an anonymous letter about the executive chairman

Fortescue Metals ordered a review into an anonymous allegation about the behaviour of its executive chair, Andrew Forrest, after a whistleblower tipoff, but cleared him of wrongdoing.

The company said in a statement it engaged an independent law firm that had not previously represented Fortescue or its billionaire founder to investigate the issue.

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Nicola Forrest to become Australia’s second richest woman after split from billionaire Andrew Forrest

Pair say decision to live apart will have no impact on their shared business interests and philanthropy

Australia’s wealthiest couple Andrew and Nicola Forrest have separated after more than three decades of marriage, but they say the split will not affect their shared business or philanthropic interests.

Most of their wealth comes from a more than one-third stake in iron ore miner Fortescue, which is attempting to diversify into hydrogen production.

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Mike Cannon-Brookes wins control of Sun Cable solar project from Andrew Forrest

Entrepreneur says plan to send renewable energy to Singapore from Northern Territory a ‘nation-building project for Australia’

Mike Cannon-Brookes has prevailed over Andrew Forrest in a billionaires’ battle for control of Sun Cable, an ambitious development promising to transmit solar-generated electricity from the Northern Territory outback to Singapore.

Cannon-Brookes and Forrest had been involved in a bidding process for the $30bn-plus project after they fell out over its future direction and the company, also called Sun Cable, went into voluntary administration.

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Australia politics live: government and opposition strike agreement over voice referendum machinery changes

Bipartisan approach likely as Senate addresses changes to the rules governing referendums. Follow the day’s news live

Voice negotiations

The referendum machinery legislation will set up how the voice referendum will run – the machinery surruounding the vote, if you will.

We’re negotiating in good faith in the Senate that’s being led by Jane Hume who is doing an outstanding job. What we said to the government in the beginning is what we’re saying to them now and that is that we are not prepared to trash decades of referendum precedent, and not do this in a way that Australians expect us to, in their interests, for their information.

We’re asking for a pamphlet to outline the yes and no case, and we’ve talked about that. We’re asking for equal funding of the yes or no case, not the millions of dollars that may go into a public campaign on either side of this debate, but just the administration funding.

Fifty-seven per cent of the population does not want to open new coal and gas mines and I think there’s a very clear message coming through there. Secondly, no, I have got a lot of time for Jacqui Lambie, but we had an emissions trading scheme in this country and she was part of a party that voted to repeal it so let’s let’s not get too carried away with the spin here.

We’re in a climate crisis, as the UN secretary general has made clear. The decisions that we make now will reverberate for generations to come and the big decisions that we’ve got to make, do we open new coal and gas mines or not?

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Giant solar farm project in doubt after disagreement between Mike Cannon-Brookes and Andrew Forrest

Australian billionaires had backed $30bn Sun Cable venture designed to help power Darwin, Indonesia and Singapore but the company has gone into voluntary administration

Australian billionaires Mike Cannon-Brookes and Andrew Forrest have fallen out over plans to build a giant solar farm in the Northern Territory to supply Darwin, Indonesia and Singapore with power, with the venture entering voluntary administration.

Grok, the family investment arm of Cannon-Brookes, and the appointed administrators said in separate statements the company driving the project, Sun Cable, would continue to operate and seek new financial support.

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Facebook a no-show in Andrew Forrest criminal case arguing West Australian court lacks jurisdiction

Mining billionaire alleges social media giant failed to stop clickbait advertising scams using his image on its platform

Facebook believes an Australian court has no jurisdiction to hear a criminal case brought against it by mining magnate Andrew Forrest – who claims the tech giant failed to stop clickbait advertising scams using his image.

The case in the magistrates court of Western Australia is believed to represent the first time Facebook – owned by Meta Platforms – has faced criminal charges.

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Andrew Forrest’s philanthropic foundation condemns China’s treatment of Uighurs

Australian billionaire previously called out for not criticising abuse despite Minderoo Foundation campaigning against slavery

Andrew Forrest’s philanthropic arm has publicly condemned the “forced labour and human rights abuses against the Uighur population”, as Human Rights Watch made a rare call for Australia to adopt targeted measures against China to halt imports linked to forced labour.

Forrest has previously been criticised for his refusal to condemn Beijing’s treatment of the Uighur minority despite funding a highly public campaign against modern-day slavery and forced labour.

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S&P hits back in court after Fortescue Metals takes legal action to prevent publication of ore price

Ratings agency says mining giant owned by Andrew ‘Twiggy’ Forrest’ wants to keep prices secret so it can charge more for its ore

Mining giant Fortescue Metals Group, controlled by billionaire Andrew “Twiggy” Forrest, has launched legal action to stop global ratings agency S&P publishing information about the price it charges for iron ore.

A UK court has ordered S&P to stop publishing the information, which Fortescue claims is confidential, but the ratings agency has hit back in a US court, accusing the miner of trying to keep prices secret so it can charge more for its ore.

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