Written by Leslie Taylor
The California State Controller and New York City Comptroller's offices refused to back down from their request that mining giant Rio Tinto divest from the Pebble Mine, even in the face of an aggressive response from Northern Dynasty Minerals - the company behind the controversial gold and copper mining project proposed at the headwaters of Bristol Bay, Alaska. Instead of backing away from their request last December that Rio Tinto divest its shares in Northern Dynasty, the offices recently released another letter to the company citing two additional reasons for Rio Tinto to abandon the project: first, EPA's Bristol Bay Watershed Assessment and, second, Northern Dynasty Minerals' "confrontational" response to that assessment.
"As fiduciaries of pension funds that are substantial, long-term Rio Tinto shareholders, we believe the company's interest in divesting its shareholding in Northern Dynasty takes on added urgency" after the release of EPA's Watershed Assessment, the CA Controller and NYC Comptroller wrote.
EPA's Bristol Bay Watershed Assessment found that Pebble Mine would have "devastating" effects on the Bristol Bay ecosystem. Based on those findings, the CA Controller and NYC Comptroller - representing large public pension funds valued at almost $500 billion - emphasized that the "reputational risks that Rio Tinto faces as a result of its association with the Pebble Project may well exceed the equity value of its investment in that project."
Read the full story at the Huffington Post>>
NOAA recently published a proposed rule that would implement a traceability plan to help combat IUU fishing. The program would seek to trace the origins of imported seafood by setting up reporting and filing procedures for products entering the U.S.
The traceability program would collect data on harvest, landing, and chain of custody of fish and fish products that have been identified as particularly vulnerable to IUU fishing and fraud.Read more...
The following was released by the Maine Department of Marine Resources on Jan. 22:
The Maine Department of Marine Resources announced an emergency regulation that will support the continued rebuilding effort in Maine’s scallop fishery. The rule, effective January 23, 2016, will close the Muscle Ridge Area near South Thomaston and the Western Penobscot Bay Area.Read more...