Forrest calls for $500m recovery fund

Original article by Julie-anne Sprague
The Australian Financial Review – Page: 4 : 10-Jan-20

The Minderoo Foundation of Andrew and Nicola Forrest will donate $70m to bushfire relief programs and research into improving Australia’s resilience to bushfires. The Forrests will contribute $10m to a bushfire recovery fund, while another $10m will be used to send Western Australian specialists to assist with the recovery effort. The balance will be invested in a project that will aim to mitigate the impact of future bushfires. Andrew Forrest has also proposed the creation of a $500m global fund for this purpose. He says a number of factors have contributed to the nation’s devastating bushfire season, including climate change and arson.

CORPORATES
MINDEROO FOUNDATION, FORTESCUE METALS GROUP LIMITED – ASX FMG

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