This Thursday, March 31, at 10 a.m., the Senate Energy and Natural Resources Committee will hold a hearing examining the country’s supply of critical minerals. The hearing should be an opportunity for Congress to determine how we can safely and sustainably secure minerals needed to power American’s transition to a clean energy economy. At top of mind should be reform of our antiquated mining law, which is more than 150 years-old. .
So, you might be surprised to see that one of the invited witnesses comes from the Uranium Producers of America —a trade organization for the uranium industry. As trade representatives are apt to do, we fully expect them to use this hearing and the ongoing crisis in Ukraine to plead for more taxpayer-funded subsidies, so they can ramp up production quickly and cheaply.
This may sound like an opportunistic ploy to use a brutal war as a profit-making scheme. […]
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content