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Major Backer Pulls Out of Pebble Mine Project
By Laura Beans
One of the two major partners in the proposed mine for Alaska's Bristol Bay region announced yesterday that it is backing out of the Pebble Mine project, citing financial risks. Anglo American, the London-based industry giant, put $541 million into the venture and will take a $300 million penalty charge for withdrawing, according to Anchorage Daily News.
The proposed copper and gold mine is hotly contested by conservationists, native tribes, commercial fishermen and others. The Bristol Bay region is home to one of the largest and most valuable salmon fisheries, which supports the equivalent of nearly 10,000 full-time jobs and creates $1.5 billion in annual economic output, reports Center for American Progress.
According to Earthjustice, the U.S. Environmental Protection Agency (EPA) has received more than 895,000 total public comments on the watershed assessment of Pebble Mine, and approximately 654,000 of those were urging the U.S. EPA to reject the Pebble Mine project outright.
"The fact that Anglo American thinks the Pebble Mine is too risky speaks volumes," said Tom Waldo, an Earthjustice attorney. "It’s too risky for investors, and it’s far too risky for Alaska."
But Joel Reynolds of Natural Resources Defense Council writes that opponents shouldn't be misled into thinking the fight to stop Pebble Mine is over.
While the remaining investor, Northern Dynasty Minerals' stock plummeted 30 percent yesterday alone, the company issued a press release immediately following Anglo American's announcement reassuring that the project will go forward as scheduled.
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EcoWatch Daily Newsletter
By Jeff Turrentine
First off: Bangkok Wakes to Rain, the intricately wrought, elegantly crafted debut novel by the Thai-American author Pitchaya Sudbanthad, isn't really about climate change. This tale set in the sprawling subtropical Thai capital is ultimately a kind of family saga — although its interconnected characters aren't necessarily linked by a bloodline. What binds them is their relationship to a small parcel of urban land on which has variously stood a Christian mission, an upper-class family house, and a towering condominium. All of the characters have either called this place home or had some other significant connection to it.
Maine Gov. Janet Mills signed a bill into law Thursday banning public schools or universities in the state from using Native American mascots, names or imagery. Mills' action will make Maine the first state in the nation with such a ban once it goes into effect later this year, The Bangor Daily News reported.
Inslee's 'Evergreen Economy Plan' Calls for $9 Trillion Investment in New Green Jobs, Would Help Fossil Fuel Workers Transition
By Julia Conley
A new climate action plan put forth by Democratic presidential candidate Gov. Jay Inslee on Thursday is being praised for highlighting the enormous benefits that would result from a rapid shift in the U.S. to a renewable energy economy that centers on the needs of workers and vulnerable communities.