The $43 billion question.   Mining the big winner in Green New Deal

Dunleavy weighs fate of $43 billion gas line plan
Alex DeMarban, Anchorage Daily News, December 16, 2018

It’s the $43 billion question for Gov. Mike Dunleavy: What to do with the Alaska LNG megaproject? For now, the new governor wants to learn more about it before setting a course. “(Dunleavy) will withhold judgment on this or any project until he and his administration can fully understand the costs, risks, and potential benefits,” said Brett Huber, his senior policy adviser.

Our Take: In the words of Governor Parnell “What’s important now is getting something of value to the state for all the time and money (invested)”

Related:

 Go West: Pacific Coast LNG plans get fresh look as market shifts

AK-LNG & ASAP: A Citizen Considers the Risks of Continuing Government Ownership

Embattled US Interior secretary, who championed expanded Arctic oil development, resigns abruptly
Yereth Rosen, Arctic Today, December 18, 2018

Interior Secretary Ryan Zinke, who has spent his two years in office pushing for new oil development across Arctic Alaska’s lands and waters, is leaving his post amid a series of investigations into alleged corruption and ethics breaches. Zinke, in a statement, blasted what he said were “fictitious allegations” against him. “I love working for the president and am incredibly proud of all the good work we’ve accomplished together. However, after 30 years of public service, I cannot justify spending thousands of dollars defending myself and my family against false accusations,” he said in the Dec. 15 statement. The resignation is effective at year’s end. Alaska political leaders lauded Zinke for his work to expand oil development in Alaska, especially the state’s Arctic regions.

From the Washington Examiner, Daily on Energy:

A GREEN NEW DEAL WOULD NECESSITATE A HUGE INCREASE IN MINING: Moving the world to 100-percent renewable energy under a Green New Deal, or the Paris climate accord, will require at least a twelvefold increase in the not-so-green practice of hardrock mining, according to a new study backed by prominent environmental consultants.

“The current global supply of several critical metals is insufficient to transition to a renewable energy system,” a new study released Thursday by Leiden University in the Netherlands and environmental consulting firms Metabolic and Copper8 concludes.

Specifically, the demand for so-called “rare earth metals” such as neodymium, terbium, dysprosium, and praseodymium stands out as a potential problem for moving to a global energy system dominated by renewables. The metals are needed for manufacturing solar panels and wind turbines, among other uses. And that estimate does not include increasing demand for other electronic goods like electric cars and iPhones, which also require the same metals, the study said.

Our Take: A twelvefold increase in hardrock mining is great news for Alaska!