Close this search box.

Getting climate, energy & environment news right.

Why the world’s mining companies are so stingy

The Economist writes on the challenges that mining companies face.

The C3 Take
  • The world will need to rapidly ramp up mining in order to source the minerals that are needed to power green technology, but mining companies have been reluctant.
  • One reason for this, especially in the United States, is permitting and regulations which make it very difficult to extract resources.
  • Delaying these projects increases costs, which hurts investor confidence.
  • Lawmakers should look for ways to streamline the permitting process to allow mining to happen in the U.S.

“Another reason for miners’ lack of investment is woefully lengthy permit processes, which delay projects and add uncertainty. In America obtaining permits often takes between seven and ten years, with companies required to consult a variety of government agencies and other interested parties. In some countries environmental concerns have led to approvals being withdrawn. The Serbian government revoked the licence of Rio Tinto, another mining behemoth, for a $2.4bn lithium mine after environmental protests broke out in the country in 2022.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

Copyright © 2020 Conservative Coalition for Climate Solutions

Subscribe to our exclusive email designed for conservatives who care about climate.

Help us promote free market solutions for climate change.

5 Incredible Ways Economic Freedom Helps the Planet.

Sign up for our newsletter now to get the full list right in your inbox.

Thank you for signing up

Help us promote sensible solutions for both planet and prosperity.

Download Now

The Left’s Top 10 Climate Denials

Download Now