A Mining Explosion: The Dirty Little Secret Of The Green Revolution
Leftwing darling Alexandria Ocasio-Cortez’s proposed Green New Deal, despite its flimsy 14 pages total, is nothing if not all-encompassing and vaulting in its ambition. The bill was also crucial to Ocasio-Cortez’s rapid ascent to acronym status and anointing as the queen of green.
Thanks to her How Dare You tour, 16-year old Greta Thunberg is now the undisputed leader of the growing ranks of school-bunking climate crisis warriors all over the world.
The Greta show arrived in MINING.COM’s hometown of Vancouver last week to take Make-Love-Not-CO2 youths (and second-life hippies) on yet another march and bridge-blockade. The footslogging Greta groupies are beginning to resemble the disastrous 1212 children’s crusade – with higher ground now doing service for holy land.
Much of the response to AOC and Thunberg (who seem to get on like a house on fire if the Guardian is to be believed) on the right has been mocking and dismissive, accusing the pair of swapping hamburgers for pie in the sky.
This is a mistake.
Red turns green
Some estimates put the green economy in the US at $1.3 trillion in annual revenue already – that’s 7 percent of GDP – with a workforce of 9.5m Americans.
Within the Green New Deal is a goal of “meeting 100 percent of the power demand in the United States through clean, renewable, and zero-emission energy sources”. AOC has no deadline of course, but no doubt Greta would want that for the whole world before she hits drinking age.
A seminal paper by Bernstein’s European mining and metals team led by Paul Gait outlines just how fundamental a restructure of the global industrial economy is necessary to bring this – or even a fraction of this – about.
And all of it to the great benefit of mining.
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