Mining industry risk aversion could slow the pace of energy transition — report from mining.com.
Expansion capex is in very short supply, Kettle says with miners starving themselves of the capital they need to develop future supply.
Kettle asserts the gap between current capex commitments and what’s needed to deliver a two-degree pathway (where the rise in global temperatures since pre-industrial times is limited to 2 °C) amounts to almost $2 trillion over the next 15 years.
View report here:
Mining industry risk aversion could slow the pace of energy transition — report https://t.co/h44QnKQQYs
— PCA (@PCAanalytics) May 5, 2021