Jael Holzman of Axios reports that President Biden plans to fund overseas mining projects.
- In a bid to ease supply chain constraints for rare earth minerals, President Biden has begun to look at financing mining projects overseas.
- An easier way that the administration could ease these supply chain crunches is by reducing barriers and modernizing permitting for domesting mining.
- Excessive regulations stall clean energy and mining projects for years, costing millions of dollars and halting progress.
- To reach our climate, energy, and environmental goals, regulations must be modernized.
“Jose Fernandez, Under Secretary of State for Economic Growth, Energy, and the Environment, said in an interview the administration is mulling ‘around a dozen’ mineral projects around the world for potential federal financing.”
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