The financing of transition mineral mining is driving widespread environmental destruction and human rights abuses, according to a report.
Banks and investors have ploughed hundreds of billions of dollars into companies mining for minerals for the manufacture of solar panels, wind turbines, batteries, energy grids and electric vehicles in the past decade, according to the research.
But the institutions funding this extraction have “dangerously weak” environmental, social and governance (ESG) policies relating to mineral mining, the report says, with most lacking any meaningful safeguards for communities and ecosystems.
“Without urgent reform, finance will continue to reinforce an extractive, high-risk model that undermines both climate and nature goals, and tramples human rights,” according to the report.
So all this capitalism hsa gone and got the mineral required to have windmills. But of course that’s bad. Because capitalism, obvs.
After all, let us not forget who the real enemy is, right?
What defines a “transition mineral” – new to me, did I miss the memo?
It’s the same as “critical mineral” but the MAGAs worry about those so the Greenies have to have another name.
Rare earths, tungsten, gallium, germanium, copper, nickel, cobalt, same list.
So they’re saying that if we just keep on burning coal, the environment’ll be better off???
A transition mineral is a mineral containing a transition element, those in groups 3 to 12, the d-block elements, elements with between zero and ten d electrons.
Pendantically, yes, but not the meaning the Greens are putting to it.
“Drawing on case studies from Australia, Brazil, Indonesia and the Democratic Republic of Congo, the report links transition mineral mining to deforestation, pollution, Indigenous rights violations, unsafe labour practices, new coal plants, fatal and catastrophic collapses of tailings dams, and ecosystem destruction.”
But not China, I noticed, which has all of the above in spades.
I wonder if they chose the term “transition mineral” to echo the whole transgender thing.
Well, we know the Greens are illiterate.
@Y
Or as a reference to the “energy transition” – materials needed for wind turbines and solar panels?
Imperialism. You can’t just buy crap from Mali, you have to send reps to Tombouctou to insure they produce it the way you want them to.
‘the institutions funding this extraction have “dangerously weak” environmental, social and governance (ESG) policies relating to mineral mining’
They should have NO policy. They are financial institutions, no imperialists.
‘It also calls on financial institutions to reform their approach to financing miners, specifically that they should embed respect for human rights and international law into their policies, and exclude companies linked to deforestation and rights abuses.’
Not my job, Mon.
Imperialist creeps can’t get government to enforce their will on other countries, so they try to force corporations to do it. Critically indirectly. They aren’t attacking mining companies, the alleged bad people. They attack financiers. They should take it up with the countries who are allegedly doing bad.
But the countries will ask, “Who the fuck are you?”
Can we get in trouble for misgendering these transminerals?