Facility is part of Fortescue’s $550 million commitment to developing an electrolyzer and liquefaction plant in Phoenix.

Mauritius Commercial Bank is making 10 billion rupees ($211 million) available to help clients transition to a lower-carbon economy.

A five-year delay to decarbonization efforts could see global average temperatures rising to 3 degrees Celsius above pre-industrial levels, the firm says.

It is the first time this has happened in any month in more than four years.

The ban is needed to unlock some $2.7 billion to stand up a domestic uranium industry made available by Congress earlier this year.