EPA Releases Plan for Restricting Mine Waste Disposal in Alaska’s Bristol Bay Watershed
Alaska Native Tribes, Jewelers, Investors and Conservation Groups Applaud EPA for Next Major Step in Protecting the World’s Largest Wild Salmon Fishery from Pebble Mine July 18, 2014 // Washington, D.C.: An unusual group of Alaska Native leaders, commercial fishermen, investors, jewelers and conservation organizations applauded the Environmental Protection Agency’s (EPA) release today of its Proposed Determination – a detailed plan for restricting mine waste disposal from the proposed Pebble Mine in Alaska’s Bristol Bay watershed. The EPA has authority under Section 404(c) of the Clean Water Act to restrict mine waste disposal that will harm important fisheries. Alaska’s Bristol …
Rio Tinto Announces it is Withdrawing from Pebble Mine Project in Alaska
Statement from Trillium Asset Management, LLC and Calvert Investments on Rio Tinto’s withdrawal from the Pebble Mine Project April 9, 2014: Rio Tinto plc (LON: RIO) has announced that it is withdrawing from the proposed Pebble Mine Project in Bristol Bay Alaska. This action, which casts a cloud of deep uncertainty over the project’s future, follows years of widespread opposition to the proposed open pit mine from Native Alaskans, sport and commercial fishing groups, environmental organizations, and retail grocers, along with other businesses and investors. In March, Trillium Asset Management (Trillium) and Calvert Investment Management, Inc. (Calvert) specifically requested that …
Investor Statement on EPA’s Review of Proposed Pebble Mine
March 7, 2014: Investors, concerned with the devastating impact a large scale mining operation would have on the Bristol Bay region of Alaska, welcomed the U.S. Environmental Protection Agency’s recent announcement that it will initiate a Clean Water Act 404(c) review process for the proposed project. Bristol Bay is the home of the largest wild sockeye salmon fishery in the world, which is sustainably managed and central to the life of the Alaska Natives in the region. Protecting this national resource is important for the economy, sound resource development and the finances of companies that sell salmon. We believe that …
EPA Moves to Protect Bristol Bay Fishery from Pebble Mine
FEBRUARY 28, 2014 // WASHINGTON, DC: The U.S. Environmental Protection Agency (EPA) is initiating a process under the Clean Water Act to identify appropriate options to protect the world’s largest sockeye salmon fishery in Bristol Bay, Alaska from the potentially destructive impacts of the proposed Pebble Mine. The Pebble Mine has the potential to be one of the largest open pit copper mines ever developed and could threaten a salmon resource rare in its quality and productivity. During this process, the U.S. Army Corps of Engineers cannot approve a permit for the mine. This action, requested by EPA Administrator Gina …
Trillium Statement on the U.S. EPA’s Assessment of Potential Mining Impacts on Salmon Ecosystems of Bristol Bay, Alaska
January 16, 2014 – The following statements may be attributed to Jonas Kron, Trillium Asset Management’s Director of Shareholder Advocacy: Yesterday, the U.S. Environmental Protection Agency (EPA) released its final assessment of Potential Mining Impacts on Salmon Ecosystems of Bristol Bay, Alaska which states that large scale mining such as the proposed Pebble Mine has “potential for significant effects on Alaska Native cultures” and “the significant loss of Chinook salmon populations” which “would have severe consequences…” Trillium commends the EPA for producing a rigorous, science-based assessment and believes now is the time for the EPA to initiate a Clean Water Act 404(c) …
Trillium / Calvert Statement on Anglo American's Withdrawal from Pebble Mine Project
September 18, 2013 // BOSTON, MA: Anglo American plc (LON: AAL) has announced that it is withdrawing from the proposed Pebble Mine Project in Bristol Bay, Alaska. This action, which casts a cloud of deep uncertainty over the project’s future, follows years of widespread opposition to the proposed open pit mine from Native Alaskans, sport and commercial fishing groups, environmental organizations, and retail grocers, along with other businesses and investors. Anglo American’s withdrawal is a defining moment in this long running controversy which highlights the unique natural resource that is Bristol Bay. It is the home of the largest wild …
Trillium and Calvert Lead Investors in Voicing Deep Concerns Regarding Pebble Mine
Trillium Asset Management and Calvert Investments Lead Investors in Voicing Deep Concerns Regarding Pebble Mine Boston, MA // June 24, 2013: Sustainable and responsible investment firms Trillium Asset Management, LLC and Calvert Investments, Inc. are leading a group of 27 investors representing over $35 billion in assets, calling on the Environmental Protection Agency to initiate a Clean Water Act 404(c) review for the proposed Pebble Mine project at the headwaters of Alaska’s Bristol Bay. Under 404(c), the EPA may prohibit or restrict the disposal of mine waste if it determines that it will have an “unacceptable adverse effect” on fishery …
New Investor Advisory Raises Questions About Proposed Open Pit Mine in Bristol Bay, Alaska
Earthworks, an environmental nonprofit, has recently published a report that details the growing list of regulatory, legal, engineering, and political challenges facing the Pebble Mine project. The proposed open pit mine would be located at the headwaters of the Bristol Bay watershed, which produces 50 percent of the world’s commercial supply of wild sockeye salmon. “Opposition to the Pebble mine project has translated into a barrage of legal, political and regulatory hurdles over the last year,” said Jonas Kron, an analyst with Trillium Asset Management, who reviewed the report. “After scrutinizing the project details, we believe there are significant risks …
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