Some news I discovered this morning. Rio Tinto, who owned nearly a 20% stake in Pebble is pulling out of the Project. The EPA in February announced it is invoking Section 404 of the Clean Water Act to protect Bristol Bay, which is something it has rarely done- 11 times before this. So this is good news as Northern Dynasty is the only stakeholder left, and will need to find a new partner in order to keep the project alive. in my Alaska diary in my National Park series I called for Bristol Bay to become a monument. I renew that call here. President Obama, use the Antiquities Act to protect Bristol Bay, so that a mine like Pebble can never mar its beauty or wildlife. in the meantime, the fight continues
Some news I discovered this morning. Rio Tinto, who owned nearly a 20% stake in Pebble is pulling out of the Project. The EPA in February announced it is invoking Section 404 of the Clean Water Act to protect Bristol Bay, which is something it has rarely done- 11 times before this. So this is good news as Northern Dynasty is the only stakeholder left, and will need to find a new partner in order to keep the project alive. in my Alaska diary in my National Park series I called for Bristol Bay to become a monument. I renew that call here. President Obama, use the Antiquities Act to protect Bristol Bay, so that a mine like Pebble can never mar its beauty or wildlife. in the meantime, the fight continues. Northern Dynasty should bow to the inevitable, and cancel the project- its not going to happen. sometimes investments don't pan out, and you lose the investment money. Happens in the stock market all the time.