Thursday, May 25, 2017

Ending Obama EPA's ban on Alaska's Pebble Mine is right for American energy



The Environmental Protection Agency is again drawing the ire of environmentalists, this time by lifting an Obama-era ban on development of Alaska’s Pebble Mine. It's part of a dramatic pivot driven by the Trump administration, with rule changes, proposals and executive orders all intended to realign U.S. public lands policy with the White House’s development-minded approach. If the changes are implemented successfully, the administration has the opportunity to create much-needed jobs in the western half of the country. And if the Pebble Mine is any example, it could finally unchain the United States from what has been a dangerous dependency on critical mineral imports. The proposed Pebble Mine in southwestern Alaska would bring to market 6.44 billion metric tons of copper, gold, molybdenum and silver, four commodities in the group known as “critical and strategic minerals.” These minerals are critical for the manufacture of goods as varied as medical devices, agricultural products, and electronics, and contribute to industries that added $2.78 trillion to gross domestic product last year. Critical and strategic minerals get their designation because they’re not just economically vital; they’re also essential to national defense. The Pentagon maintains 37 mineral commodities as part of the Defense National Stockpile. As recently as 1990, the United States was the world’s largest producer of mineral resources. Geologically speaking, we’re rich. The American West hosts one of the largest, most diverse and most unusually concentrated mineral belts in the world, extending from Colorado to the Pacific Ocean. That geological terrain hosts world-class deposits of chromium, copper, fluorine, gold, molybdenum, platinum and uranium, to name just a few. But quite a different trend has emerged over the last three decades. Earlier this year, the U.S. Geological Survey reported that, of 88 important minerals they track, the United States is more than 25 percent import-dependent for 62 of them. For 20 of those minerals, the United States is 100 percent reliant on imports. Many of those 20 key minerals are absolutely critical to the economy and national defense. The risks are underscored when one considers just how reliant the country has become on imports specifically from Russia and China. China, by far the world’s largest source of minerals, has already used its rare earth mineral wealth as a diplomatic weapon. As Chinese statesman Deng Xiaoping said in 1992: “The Middle East has its oil, China has rare earth.”...more

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