Local opposition increases risks that a mining asset could lose its license to operate and its value to investors. Not only could local cultures be at risk, but investors too. Some mining projects, while providing metals key to addressing the global challenge of transitioning away from fossil fuels, may face strong and increasing opposition from Native Americans for threatening sacred areas or traditional ways of life. 2 For investors looking through an ESG lens, however, not all metal mines are created equal or pose the same risks. Copper is one key metal, and its demand may rise as much as 350% by 2050, according to one estimate. greenhouse-gas emissions and support a rapid move to electric vehicles and renewable-energy technology, 1 many investors are looking closely at the metals needed in new energy technologies. With the Biden administration seeking to slash U.S. Mining companies have already faced opposition to mine development in many of these areas, reflecting the heightened risk to companies and investors arising from these conflicting priorities.are located within 35 miles of Native American reservations. Among these key energy-transition metals, 97% of nickel, 89% of copper, 79% of lithium and 68% of cobalt reserves and resources in the U.S.energy to transition from fossil fuels are located either near or within areas of cultural and environmental importance to Native Americans. Many of the remaining untapped deposits of the metals critically needed for U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |