It will also see Minderoo throw its considerable muscle behind the Save the Marine Parks campaign, an alliance of Australian musicians such as Midnight Oil, Cold Chisel and Missy Higgins, who have come together to protest what the campaign describes as “the biggest wind-back of marine protections in human history”. Julie Bishop! West Australian iron ore magnate Andrew Forrest has moved to clarify his stance on climate change after pointing to arson as a big contributor to this summer's devastating fire season. Play Video. Forrest is the founder of Fortescue Metals Group, one of the world's largest iron ore producers, and Minara Resources — one of Australia's biggest nickel mining companies. Nicola and Andrew Forrest CitWA Education will eliminate global poverty. Australian comedian Celeste Barber raised, Several prominent athletes are also chipping in. “This helps no one. Andrew Forrest’s Minderoo Foundation is making a $100 million commitment to ocean conservation. Comedian Celeste Barber raised more than $45 million in an incredible social media-driven effort over Facebook. All rights reserved. US economy grew in Q3 but the crisis isn't over. This fire season 24 people in New South Wales have been charged over deliberately lit bushfires, but Victoria Police said fires engulfing the eastern part of the state were not being treated as suspicious. Add articles to your saved list and come back to them any time. The bushfires have been burning for months now and have devastated large swathes of the country. See the '60 Minutes' interview that Trump cut short, This fourth-grader doesn't have WiFi at home. Not recreational fishers, not industry, and certainly not the environment.”. Andrew Forrest clarifies climate change stance after $70 million bushfire donation. according to University of Sydney ecologists. About half a billion animals have been impacted by fire in NSW, and the number could be as high as a billion nationwide, Many have pointed to climate change as a factor exacerbating the fires, and have. Under the Federal Government’s plan, the highest-level protections are set to be removed from large swathes of ocean, including areas in the Coral Sea off Queensland, as well as Ningaloo Reef in WA’s north-west and Perth Canyon, not far from where Forrest made his announcement. Another 10 million Australian dollars will be allocated to immediate relief funding, while the remaining 50 million Australian dollars ($34.3 million) will be set aside to develop a "long-term blueprint for fire resilience," according to, "At Minderoo Foundation, we want to provide immediate relief because, like so many other West Australians, we mourn the hardships of our fellow countrymen and women," Forrest said in the statement. Australian billionaire and mining magnate Andrew Forrest has pledged $48.1 million toward the bushfire relief, joining a growing list of celebrities donating to fight the fires. Hong Kong (CNN Business)Australian billionaire mining magnate Andrew Forrest has pledged 70 million Australian dollars ($48.1 million) in aid for the country's bushfire crisis, joining a growing list of celebrities chipping in to fight the fires. Your 10-point guide to the US election showdown, Eagles star and wife share birth pain to help others, Overjoyed families to reunite as hard border comes down, Farmers cash in on tourist dollars amid country rush, Teacher accused of sex assault allowed at Airbnb, Mentally ill patients restrained face down, Homegrown trading platform dreams big beyond LNG. Though the 184-foot Pangaea Ocean Explorer was safely moored off Rottnest at the time, the donation puts the Fortescue Metals Group founder on a figurative collision course with the Turnbull Government over proposed changes to the nation’s marine parks. Overseas entire fishing industries have been bankrupted and shut down, and numbers of some fish species have plummeted by 90 per cent. In a statement issued later in the day, Mr Forrest said he "unequivocally" believed climate change was real and he accepted the warming of our planet was a "primary cause of the catastrophic events". Mining magnate Andrew "Twiggy" Forrest and his wife Nicola are donating $400 million to be used for a number of causes, including cancer research and the eradication of slavery. Billionaire Andrew Forrest commits $160m to bring coronavirus supplies to Australia. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Could this be the cure to our plastic problem? Andrew Forrest’s Minderoo Foundation is making a $100 million commitment to ocean conservation. Actors Chris Hemsworth and Hugh Jackman, "Queer Eye" star Jonathan Van Ness, and comedian Nick Kroll have said on social media they were supporting Australian organizations or donating money to help firefighters. A core strategy of the campaign is a public petition, which will be presented to the Prime Minister before Parliament votes on the marine park management bill, likely next month. "Philanthropists and others from around the world are seeing Australia burn and saying, 'Will we be next?'" Andrew Forrest's Medical Equipment Donation. “Catches from wild fisheries in Australia have fallen by over 30 per cent over the past few years, and are still falling. A total of 10 million Australian dollars ($6.9 million) will go toward specialist volunteers from Forrest's home state, Western Australia. The huge donation will come from the Minderoo Foundation, a philanthropic organization he founded with his wife, Nicola Forrest. "We recognise that we don't have all the answers, but we want to understand what communities need and do our bit to help them now and as they regroup in the coming months," he said. In Perth on Thursday, Mr Forrest and wife Nicola announced their philanthropic arm, the Minderoo Foundation, would donate $70 million towards relief efforts and to building the nation's long-term resilience to bushfires. Nicola and Andrew Forrest have announced a $70 million donation to help bushfire recovery efforts. Most stock quote data provided by BATS. © West Australian Newspapers Limited 2020. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. A $65 million donation made by Andrew and Nicola Forrest to UWA is the single largest philanthropic gift in Australian history. All times are ET. “We need to recognise from a recreational and business perspective, not just an environmental perspective, that looking after our oceans is a vital duty we owe to our children and grandchildren. Forrest joins a growing list of celebrities and sports stars worldwide raising awareness about the crisis and donating toward the fire response. This supposed $70 million donation to bushfire relief is chump change to him,' he wrote. After making a historic $400 million donation to Minderoo last year, the Forrests intend this additional $100 million to add a new “pillar” to the foundation, which already contributes to cancer research, education, indigenous affairs, ending slavery and the arts. Mr Forrest said they wanted to provide immediate relief because they mourned the hardships of their fellow countrymen and women. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. "We recognize that we don't have all the answers, but we want to understand what communities need and do our bit to help them now and as they regroup in the coming months.". "I am saying and replying [they] may well be, help create a blueprint for Australia and that blueprint can be used for California, that blueprint can be used for Brazil, that blueprint can be used all over the world. The Minderoo Foundation with have a $100 million focus on conserving the ocean. “This represents an additional 400,000 square kilometres accessible for recreational fishing compared to the 2012 plans.”. Updated 0801 GMT (1601 HKT) January 9, 2020. Guthrie to Trump: You're the President, you're not some crazy uncle! Andrew Forrest’s newly commissioned boat. Here's what you need to know. The Forrests joined other billionaires such as James Packer, who donated $5 million through Crown and his Packer Family Foundation. The Government wants to open 80 per cent of Australia’s marine parks to fishing, which is up from the 64 per cent proposed in a management plan legislated, but not implemented, by the previous Labor Government. Of the Forrests' $70 million gift, $10 million will be used for immediate bushfire relief and $10 million will go towards mobilising about 1250 specialist volunteers from tradies to health professionals from WA. Broadway worker: My career of 15 years vanished overnight, See Pete Buttigieg's viral Fox News moments, Scientist: 'I'm certain' climate change caused Australia fires, Australia's deadly wildfires are showing no signs of stopping. Earlier this year, Federal Environment Minister Josh Frydenberg said Labor’s draft plan “locked out five million Australian recreational fishers from a vast area of Commonwealth waters without proper consultation”. The ocean conservation pillar will include research on over-fishing and ocean pollution, and fund the Pangaea Ocean Explorer’s ongoing mission of monitoring Australia’s threatened marine ecosystems.