BP's Problem now Pebble's Problem?
Friday, May 21, 2010 at 10:25AM
As oil continues to gush into the Gulf of Mexico and we continue to await the environmental disaster sure to unfold along the Gulf coast, people in Alaska have been thinking not just about the past--the Exxon Valdez spill--but about the future of the Pebble Mine. What the spill has laid bare is the potential for catastrophic accidents, no matter how much we are assured that the technology is "fail-safe" and the plan reasonable.
As articles like this one in the Tundra Telegraph are beginning to point out, it's a question of risk tolerance, and, in light of the BP debacle, the potential for any damage, even if it seems statistically unlikely, is too much. And then there's the cost issue:
Who pays in the event of a major catastrophe? The current bonding rate for performance and reclamation does not even touch the potential damages to such an eco-rich region. The state of Alaska by default will be underwriting this whole misadventure.
Others agree. Jack Caldwell, a retired mining geologist who blogs at ithinkmining.com, has posted about what incidents like the Gulf spill teach us about the blind spots of such corporations, particularly when dealing with the "perpetual" timeframe. He writes:
Does Alaska have the law, and does Anglo American have the money to close the Pebble Mine waste facilities to remain stable for 1,000 years, a long time, or in perpetuity? If the state has not the law, and Anglo has not the money, it is only a matter of time before the wastes spill down the rivers to the sea, like the oil spills from the ground to the oceans. It is but a matter of history repeating and elementary statistics. That is unless Anglo can hold back the forces of nature forever.... Extreme accidents do occur–even to big companies who have statisticians to calculate the odds, but not money enough to pay the costs.
Of course, some of the "costs" of such an accident go well beyond what any amount of money can repair.
Reader Comments (1)
oeiThe compliments Coach Outlet Store
Coach Outlet
Coach Factory Store Onlinethat yourCoach Factory Store
Coach Outlet Store Online
Louis Vuitton Bags mother will receiveCoach Outlet Store Online
Coach Factory Store Online
Coach Outlet Store Online from her Coach Factory Outlet
LV Bags
Coach Purse Outlet and family willCoach Outlet
Coach Outlet Online
Coach Factory Outlet Online also be a Coach Factory
Coach Factory Outlet
Coach Factory Outlet. They willCoach Factory Outlet Online
Coach Online Outlet
Coach Factory Store Online be constantlyCoach Factory Outlet Online
Louis Vuitton Bag
Coach Factory reminded of Coach Purses Outlet
Burberry Scarf
Coach Online Outletthe great Coach Outlet Online
Coach Factory Store Online
Coach Factory Online you gave Coach Outlet Online Store
Coach Factory Online
Coach Factory Onlinethem eachCoach Outlet Store Online
Coach Online Outlet Store
Coach Factory time they are stopped or admired for their choice of Louis Vuitton Purses
Coach Outlet Online
Coach Factory.