{"id":24285,"date":"2014-04-08T20:27:31","date_gmt":"2014-04-08T20:27:31","guid":{"rendered":"http:\/\/ecowatch.com\/?p=329857"},"modified":"2014-04-08T20:27:31","modified_gmt":"2014-04-08T20:27:31","slug":"another-developer-pulls-investment-from-controversial-pebble-mine-project","status":"publish","type":"post","link":"https:\/\/leedpoints.com\/green-building-blog\/another-developer-pulls-investment-from-controversial-pebble-mine-project\/","title":{"rendered":"Another Developer Pulls Investment From Controversial Pebble Mine Project"},"content":{"rendered":null,"protected":false},"excerpt":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/files.cdn.ecowatch.com\/wp-content\/uploads\/2014\/04\/mine-150x150.jpg\" alt=\"mine\"><\/p>\n<p>Plans to dig a massive open-pit gold and copper mine in Alaska&rsquo;s Bristol Bay continue to falter. Yesterday, the latest axe fell when mining goliath Rio Tinto joined other major investors in deciding to withdrawal its 19 percent share from the project.<\/p>\n[caption id=\"attachment_329862\" align=\"alignnone\" width=\"450\"]<a href=\"http:\/\/ecowatch.com\/2014\/04\/08\/developer-pulls-investment-from-pebble-mine\/mine-3\/\" rel=\"attachment wp-att-329862\"><img loading=\"lazy\" decoding=\"async\" alt=\"mine\" src=\"http:\/\/files.cdn.ecowatch.com\/wp-content\/uploads\/2014\/04\/mine.jpg\" width=\"450\" height=\"270\"><\/a> In Sept. 2013, Anglo American announced it was withdrawing from the project, leaving Rio Tinto and Northern Dynasty Minerals as the two sole investors.[\/caption]\n<p>If built (which looks increasing less likely&mdash;yay!), Pebble Mine would span 186 square miles&mdash;the size of 90,000 football fields&mdash;and threaten the most <a href=\"http:\/\/ecowatch.com\/2012\/04\/15\/salmon-vs-gold-at-alaskas-pebble-mine\/\" target=\"_blank\">productive salmon fishery<\/a> on the planet, along with the native groups and fishermen who depend on it. Ongoing efforts by locals and conservationists to highlight the potential damage have led to a number of setbacks for the would-be developers, including:<\/p>\n<ul>\n<li>One of the two lead developers, Anglo American, <a href=\"http:\/\/ecowatch.com\/2013\/09\/17\/major-backer-pulls-out-of-pebble-mine\/\" target=\"_blank\">pulling out of the project last year<\/a>.<\/li>\n<li>An <a href=\"http:\/\/ecowatch.com\/2014\/01\/15\/epa-pebble-mine-study-catastrophic-impacts-bristol-bay-salmon\/\" target=\"_blank\">Environmental Protection Agency report<\/a>&nbsp;(EPA)released in January concluding that a mine of Pebble&rsquo;s size&nbsp;<a href=\"http:\/\/www.onearth.org\/articles\/2014\/01\/epa-delivers-a-hit-to-companies-hoping-to-mine-alaskas-bristol-bay\" target=\"_blank\">could destroy<\/a>&nbsp;up to 94 miles of streams and 5,350 acres of wetlands, ponds and lakes in Bristol Bay.<\/li>\n<li>EPA Administrator Gina McCarthy announcing recently that the agency will review whether to use its authority under the Clean Water Act to block the mine.<\/li>\n<\/ul>\n<p>Rio Tinto&rsquo;s move is yet another sign &ldquo;that the risks of the project are too great and the opposition of the region&rsquo;s residents too strong,&rdquo; said Joel Reynolds, western director of Natural Resources Defense Council (which publishes&nbsp;<i>OnEarth<\/i>).<\/p>\n<p>Rio Tinto will donate its shares in Northern Dynasty Minerals&mdash;the Canadian company developing the mine on its own after Anglo American&rsquo;s pullout&mdash;to two charities: the <a href=\"http:\/\/alaskacf.org\/\" target=\"_blank\">Alaska Community Foundation<\/a> and <a href=\"http:\/\/www.bbnc.net\/\" target=\"_blank\">Bristol Bay Native Corporation Education Foundation<\/a>. &ldquo;We are ensuring that Alaskans will have a say in Pebble&#8217;s future development,&#8221; said Jean-Sebastien Jacques, a Rio Tinto Copper chief executive,&nbsp;<a href=\"http:\/\/www.riotinto.com\/media\/media-releases-237_10183.aspx\" target=\"_blank\">in a statement<\/a>.<\/p>\n<p>Northern Dynasty CEO Ronald Thiessen said in January that the company still plans to submit a proposal to the Army Corps of Engineers, the agency that would issue a &ldquo;discharge permit&rdquo; allowing the project to move forward. (The Corps can&rsquo;t issue a permit, however, until the EPA review is complete.) Jacques also says Rio Tinto continues to see Alaska &ldquo;as an attractive location for potential future investment.&rdquo;<\/p>\n<p>Does he mean Bristol Bay? Not necessarily, but there&rsquo;s nothing to stop the company from proposing other mines there&mdash;except for local opposition, the EPA and concerned conservationists. And they appear to be on a roll&hellip;<\/p>\n<p><em>This article was originally posted in Natural Resources Defense Council&rsquo;s&nbsp;<a href=\"http:\/\/www.onearth.org\/article\/fracking-the-amish\" target=\"_blank\">OnEarth.<\/a><\/em><\/p>\n<p>&#8212;&#8212;&#8211;<\/p>\n<p><strong>YOU ALSO MIGHT LIKE<\/strong><\/p>\n<p><a href=\"http:\/\/ecowatch.com\/2014\/02\/11\/100-jewelers-no-dirty-gold-valentines-day\/\" target=\"_blank\"><strong>100+ Jewelers Say &#8216;No&#8217; to Dirty Gold for Valentine&#8217;s Day<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/ecowatch.com\/2013\/06\/28\/resource-war-over-pebble-mine-in-alaskas\/\" target=\"_blank\"><strong>The Resource War Over Pebble Mine in Alaska&#8217;s Bristol Bay<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/ecowatch.com\/2013\/05\/02\/mines-pollute-27-billion-gallons-water-annually\/\" target=\"_blank\"><strong>U.S. Mines Pollute Up to 27 Billion Gallons of Water Annually<\/strong><\/a><\/p>\n<p>&#8212;&#8212;&#8211;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,57],"tags":[2137,2904,2906],"class_list":["post-24285","post","type-post","status-publish","format-standard","hentry","category-green-building-posts","category-leed-news","tag-alaska","tag-biodiversity","tag-news"],"_links":{"self":[{"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/posts\/24285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/comments?post=24285"}],"version-history":[{"count":0,"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/posts\/24285\/revisions"}],"wp:attachment":[{"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/media?parent=24285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/categories?post=24285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leedpoints.com\/green-building-blog\/wp-json\/wp\/v2\/tags?post=24285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}