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 …
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