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>>
National Fisherman Live: 9/23/14
In this episode:
'Injection' plan to save fall run salmon
Proposed fishing rule to protect seabirds
Council, White House talk monument expansion
Louisiana shrimpers hurt by price drop
Maine and New Hampshire fish numbers down
The Maine Lobster Marketing Collaborative is introducing its Chef Ambassador Program. Created to inspire and educate chefs and home cooks across the country about the unique qualities of lobster from Maine, the program showcases how it can be incorporated into a range of inspired culinary dishes.
More than a dozen higher education institutions and federal and local fishery management agencies and organizations in American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and Hawaii have signed a memorandum of understanding aimed at building the capacity of the U.S. Pacific Island territories to manage their fisheries and fishery-related resources.