Mining companies exploit the green image to demonstrate their contribution to the protection of nature. The polluters of the planet pretend to be harmless by producing raw materials for electric cars and alternative energy.
Miners of coal and other minerals are trying to get investors interested in diversifying into green technologies. Businesses, out of greed, have become more publicized as producing parts for wind turbines, power lines and batteries, downplaying their negative impact on the climate.
The International Energy Agency (IEA) noted that mining is becoming a driver of clean technology development. Experts predict that by 2030 the demand for lithium, which is used in batteries, will grow by 30 times. Increased production of cobalt, nickel and copper will be required for the production of wind farms and electric cars. One of the world’s largest suppliers of rare-earth materials used in batteries is Swiss mining giant Glencore.
Mining companies are trying to distinguish themselves from fossil fuel producers. At the end of May, three major oil corporations – Exxon Mobil, Royal Dutch Shell and Chevron – lost their disputes with eco-activists and were forced to significantly adjust the amount of harmful emissions from their operations. Mining companies also face similar risks. The use of coal is recognized by environmentalists as one of the main factors of global warming.