Financial institutions are lacking safeguards to prevent harms caused by mining the resources needed for the energy transition, analysis of the sector’s financing finds

  • solo@slrpnk.netOP
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    2 months ago

    This discussion has fundamentally very little to do with the energy transition and is more generally about destructive mining practices

    What is called energy transition (I believe energy addition is a more accurate term) needs several elements that come from mining. So I am not sure I understand why you consider that mining should not be part of the conversation, since it is a necessary step.

    Btw I think I don’t understand what you mean with your last sentence.

    • oneser@lemmy.zip
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      2 months ago

      Sorry, I mean to say that the impact of mining is not limited to the energy transition in the way this article appears to focus on it. I do not disagree with any of your points.

      In my opinion the headline should simply read

      Major financiers neglect energy transition risks from mining.

    • sj_zero@lotide.fbxl.net
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      2 months ago

      I feel like a lot of people don’t understand that you can’t consume your way to using less.

      #1 is “reduce” because if you just use less, then you don’t need to mine anything more, or farm anything more, or build anything more. Ideally, if you care about the environment that’s the most direct way to improve things.

      That isn’t to say that we don’t need to build out greener infrastructure. What it does mean is that anytime that we are doing industrial scale manufacturing like this, we have to be very careful because it’s going to inherently damage the environment, and if you’re going to do that you need to do the math to figure out if you’re doing something that’s net good.

      I think a lot of people aren’t there yet, they just assume that you do the thing that’s good and you’re doing good without regard for the cost.