Biden order to boost mining may not have quick payoff

Biden order to boost mining may not have quick payoff

2 years ago
Anonymous $Lfa9vBbL8e

https://apnews.com/04e20d148dc50c09831d2530d1fd2f8e

WASHINGTON (AP) — President Joe Biden is turning to a Cold War-era law to boost production of lithium and other minerals used to power electric vehicles, but experts say the move by itself is unlikely to ensure the robust domestic mining Biden seeks as he promotes cleaner energy sources.

Biden's action, part of his efforts to find alternatives to fossil fuels and combat climate change, does not waive or suspend existing environmental and labor standards, the White House said. Nor does it address the chief hurdle to increased domestic extraction of so-called critical minerals: the years-long process needed to obtain a federal permit for a new mine.