Latest news with #AndrewForrest
The Age
7 days ago
- Business
- The Age
Forrest calls for global fishing overhaul as Australia backs major treaties at UN summit
Australian mining billionaire Andrew Forrest has called for the United Nations to back a major overhaul of global fishing regulations and marine life protections following an international ocean summit last week. Australia's Environment Minister Murray Watt also attended the 2025 UN Ocean Conference (UNOC3) in Nice, France, and confirmed on Friday the federal government has joined 96 other nations in committing to end plastic pollution. Declaring 'the ocean is in freefall', Forrest made the comments following the summit on Saturday, saying his Minderoo Foundation will commit an additional $25 million towards implementing new marine protected areas and real-time vessel monitoring. 'We must lock in 30 per cent no-take marine protected areas by 2030 in every nation, in the high seas [international waters] and across at least 30 per cent of Antarctica – this must be the minimum, not the maximum – and it must be enforced, not just declared,' the WA-based magnate said in a statement. 'Thanks to science, enforcement is now possible. Satellites track vessels in real time. AI flags illegal behaviour. The excuses are gone.' Loading Forrest unveiled the foundation's Flourishing Oceans Commercial Fishing Act (FOCFA), a self-financing, enforcement-ready model for no-take MPAs and sustainable fisheries and said he would relaunch a Global Fishing Index in 2026. 'This flips enforcement incentives. Fishers, regulators, and even competitors are motivated to expose illegal actors. Governments reclaim lost revenue. Legal operators are protected. And the commercial risk of turning a blind eye rises – all the way up the supply chain,' he said of the proposed FOCFA. Minderoo has also partly funded a new documentary, Ocean with David Attenborough, about the devastation brought about by unregulated industrial fishing, which was released last month.
Sydney Morning Herald
7 days ago
- Business
- Sydney Morning Herald
Forrest calls for global fishing overhaul as Australia backs major treaties at UN summit
Australian mining billionaire Andrew Forrest has called for the United Nations to back a major overhaul of global fishing regulations and marine life protections following an international ocean summit last week. Australia's Environment Minister Murray Watt also attended the 2025 UN Ocean Conference (UNOC3) in Nice, France, and confirmed on Friday the federal government has joined 96 other nations in committing to end plastic pollution. Declaring 'the ocean is in freefall', Forrest made the comments following the summit on Saturday, saying his Minderoo Foundation will commit an additional $25 million towards implementing new marine protected areas and real-time vessel monitoring. 'We must lock in 30 per cent no-take marine protected areas by 2030 in every nation, in the high seas [international waters] and across at least 30 per cent of Antarctica – this must be the minimum, not the maximum – and it must be enforced, not just declared,' the WA-based magnate said in a statement. 'Thanks to science, enforcement is now possible. Satellites track vessels in real time. AI flags illegal behaviour. The excuses are gone.' Loading Forrest unveiled the foundation's Flourishing Oceans Commercial Fishing Act (FOCFA), a self-financing, enforcement-ready model for no-take MPAs and sustainable fisheries and said he would relaunch a Global Fishing Index in 2026. 'This flips enforcement incentives. Fishers, regulators, and even competitors are motivated to expose illegal actors. Governments reclaim lost revenue. Legal operators are protected. And the commercial risk of turning a blind eye rises – all the way up the supply chain,' he said of the proposed FOCFA. Minderoo has also partly funded a new documentary, Ocean with David Attenborough, about the devastation brought about by unregulated industrial fishing, which was released last month.
West Australian
08-06-2025
- Science
- West Australian
'Lifeline' for coral at risk of rising sea temperatures
Australian researchers are working to develop a coral that could be more resilient against the impact of warming sea temperatures. A study has revealed selectively breeding corals can enhance their tolerance, offering a short-term lifeline for reefs as ocean temperatures increase due to climate change. Researchers from Minderoo Foundation, in collaboration with multiple universities, have successfully bred heat-tolerant corals at Ningaloo. Ningaloo is a World Heritage-listed reef system off the Australian north-west coast that is under increasing threat from marine heatwaves and bleaching events. The study found selectively bred coral with at least one "parent" from reefs in warmer oceans had double the survival rate under extreme heat stress, compared to corals from cooler waters. It was the first successful demonstration of how selectively breeding corals could boost their tolerance to heat. Researchers wanted to see if small temperature differences resulted in corals with enhanced heat tolerance, principal research scientist Kate Quigley said. "Coral babies with at least one parent from the warmer reef exhibited significantly higher survival rates under heat stress," she said. The study signalled a crucial tool to help reefs survive in the short term, Minderoo Foundation founder Andrew Forrest said. "Of course, the only real and lasting solution to ending the destruction of coral reefs is the complete phase-out of fossil fuels," he said. "Coral reefs support the livelihoods of millions of people globally, provide critical shoreline protection and support more than a quarter of the ocean's biodiversity, but have suffered steep declines globally." In March 2025, World Heritage-listed reefs on either side of Australia bleached at the same time: Ningaloo in the west and the Great Barrier Reef in the east. Mass global bleaching that began in 2023 has spread to at least 82 countries and territories, impacting almost 84 per cent of the world's reefs. The study results come as the third United Nations Ocean Conference (UNOC3) begins in Nice, in the south of France. Environment Minister Murray Watt will attend - his first major international engagement since taking on the portfolio. "Australia currently leads the world in the total area of ocean that is highly protected, but we want to go further," he said. "One of the key items for discussion at UNOC3 is the ratification of the High Seas Biodiversity Treaty, which provides greater environmental protection for seas beyond national borders. "At UNOC3, I will announce that Australia will introduce enabling legislation for the treaty in the spring sitting of parliament, with ratification of the treaty as soon as possible after that."
Perth Now
08-06-2025
- Science
- Perth Now
'Lifeline' for coral at risk of rising sea temperatures
Australian researchers are working to develop a coral that could be more resilient against the impact of warming sea temperatures. A study has revealed selectively breeding corals can enhance their tolerance, offering a short-term lifeline for reefs as ocean temperatures increase due to climate change. Researchers from Minderoo Foundation, in collaboration with multiple universities, have successfully bred heat-tolerant corals at Ningaloo. Ningaloo is a World Heritage-listed reef system off the Australian north-west coast that is under increasing threat from marine heatwaves and bleaching events. The study found selectively bred coral with at least one "parent" from reefs in warmer oceans had double the survival rate under extreme heat stress, compared to corals from cooler waters. It was the first successful demonstration of how selectively breeding corals could boost their tolerance to heat. Researchers wanted to see if small temperature differences resulted in corals with enhanced heat tolerance, principal research scientist Kate Quigley said. "Coral babies with at least one parent from the warmer reef exhibited significantly higher survival rates under heat stress," she said. The study signalled a crucial tool to help reefs survive in the short term, Minderoo Foundation founder Andrew Forrest said. "Of course, the only real and lasting solution to ending the destruction of coral reefs is the complete phase-out of fossil fuels," he said. "Coral reefs support the livelihoods of millions of people globally, provide critical shoreline protection and support more than a quarter of the ocean's biodiversity, but have suffered steep declines globally." In March 2025, World Heritage-listed reefs on either side of Australia bleached at the same time: Ningaloo in the west and the Great Barrier Reef in the east. Mass global bleaching that began in 2023 has spread to at least 82 countries and territories, impacting almost 84 per cent of the world's reefs. The study results come as the third United Nations Ocean Conference (UNOC3) begins in Nice, in the south of France. Environment Minister Murray Watt will attend - his first major international engagement since taking on the portfolio. "Australia currently leads the world in the total area of ocean that is highly protected, but we want to go further," he said. "One of the key items for discussion at UNOC3 is the ratification of the High Seas Biodiversity Treaty, which provides greater environmental protection for seas beyond national borders. "At UNOC3, I will announce that Australia will introduce enabling legislation for the treaty in the spring sitting of parliament, with ratification of the treaty as soon as possible after that."
Daily Telegraph
02-06-2025
- Business
- Daily Telegraph
Billionaire heiress Sophia Forrest's penthouse for sale
Actor Sophia Forrest, the daughter of mining billionaires Andrew and Nicole Forrest, has listed in Waterloo. Forrest made the move from Perth in 2018, buying the penthouse for $1.8m in 2020, then taking up residency with now wife, fellow actor Zara Zoe. The split-level three bedroom, two bathroom penthouse sits atop Warehouse 5 on Phillip Street with 183 sqm of space. MORE: MORE: Kyrgios' next big move after split from girlfriend Belle Property agents Blair Cardile and James Perlowski have the off-market penthouse listing. There are hefty $5000 quarterly strata levies for the apartment first sold for $755,000 in 2003. The development, constructed around a pool and parklands, has 127 apartments over five buildings. With 33 sales over the past year, Proptrack calculates Waterloo's three bedroom median apartment price as $1.4m, up 3.9 per cent annually. The median was $1.43m when the penthouse last sold in late 2020. MORE: Bizarre feature of Hemsworth's $50m Byron Bay home It was 1998 when developer St Hilliers bought the former the 1.4ha Chubb site for $5.8m. Warehouse 5's highest price sits at $2,185,000 from a 2017 sale. Forrest's separated parents own abode's in the Sydney CBD's Quay Grande and at Point Piper. Her next role is in July at Carriageworks in Black Swan State Theatre Company's production of Prima Facie. MORE: Byron Bay's Beach Hotel sold for $140m MORE: Wild reason Aussie has 300 homes
