Alaska Natives sue EPA over Pebble mine veto, Northern Dynasty says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2024
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Should l Buy ?
Source: reuters
- Northern Dynasty Minerals Lawsuit: Two Alaska native village corporations sued the EPA for vetoing the proposed Pebble mine, alleging the EPA exceeded its authority.
- Previous Lawsuit: In March, Northern Dynasty Minerals filed a lawsuit against the EPA's decision to prohibit mining waste discharge in Alaska's Bristol Bay.
- Opposition and Concerns: CEO of the Pebble project criticized opponents for not providing alternatives to improve the local economy, while the EPA expressed concerns about wetland destruction.
- EPA Response: The EPA stated that the Pebble mine project could permanently destroy over 2,000 acres of protected wetlands under the Clean Water Act.
- Project Status: Despite lengthy approval processes, construction of the Pebble mine, aiming to tap into large copper and gold deposits, has not yet begun.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
