The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
In a stunning reversal, the U.S. Environmental Protection Agency (EPA) said it is suspending its effort to reverse an Obama-era plan to restrict mining in Bristol Bay, Alaska based on a controversial mine project's risks to the region's important salmon fisheries and natural resources.
The unexpected move from President Trump's pro-business administration was a blow to Pebble Limited Partnership, a subsidiary of Canadian mining company Northern Dynasty Minerals. The mine developer is proposing to extract one of the world's largest copper and gold deposits from the pristine watershed. Shares fell as much as 26 percent on Monday following the EPA's surprise decision.