BIDEN’S GREEN-ENERGY MINERAL LOCKUP

Sunday January 29, 2023

Wall Street Journal
Editorial Board
January 29, 2023
https://www.wsj.com/articles/biden-administration-mining-duluth-complex-minnesota-superior-national-forest-deb-haaland-electric-vehicles-11674860178

The Biden Administration is heavily subsidizing electric vehicles, but at the same time it is blocking mineral projects needed to produce them. Another example of this head-scratching contradiction came Thursday when Interior Secretary Deb Haaland walled off much of Minnesota’s Superior National Forest from mining.

Minnesota’s Duluth Complex has one of the world’s largest undeveloped mineral deposits, including copper, nickel and cobalt that are needed in vast quantities for EV batteries. Ms. Haaland is assuring the deposit stays undeveloped by signing an order withdrawing more than 225,000 acres in the Superior National Forest from mining for two decades.

The order says the withdrawal is necessary to protect “fragile and vital social and natural resources” as well as the “traditional cultural values” and “subsistence-based lifestyles” of Native American tribes. But mining needn’t compromise these other interests, and individual mining projects must undergo rigorous federal environmental reviews.

Read the full article here.