“Adam Matthews, chief responsible investment officer at the Church of England Pensions Board, said the risks posed to the renewables boom via the mining industry aren’t getting nearly enough attention.”
[COMMENTARY] This article is about a major concern I’ve had for decades. To fulfill the metals and material requirements for the clean energy future we want will require a massive increase in the mining of minerals and metals that might not be accomplished.
Firstly, most of these potential mines lie in native, aboriginal, and frequently ‘unfriendly’ jurisdictions. Secondly, the increasing clout of environmental organizations negating mining projects. Thirdly, a typical mine takes 10-15 years from discovery to production.
This all means that our clean energy future could be a lot more costly and take much longer to unfold than most people realize!
ESG investing’s dark side threatens to undermine clean-tech strategies amid ravenous demand for metals: ‘We should be under no illusion,‘ by Alastair Marsh, February 12, 2023, Bloomberg, USA.