{"id":2087578,"date":"2023-11-02T05:47:01","date_gmt":"2023-11-02T09:47:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-signs-esg-deal-to-accelerate-investment-in-critical-mineral-supply-chains\/"},"modified":"2023-11-02T05:49:47","modified_gmt":"2023-11-02T09:49:47","slug":"us-signs-esg-deal-to-accelerate-investment-in-critical-mineral-supply-chains","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-signs-esg-deal-to-accelerate-investment-in-critical-mineral-supply-chains\/","title":{"rendered":"US signs ESG deal to boost investment in vital mineral supply chains."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-signs-esg-deal-to-accelerate-investment-in-critical-mineral-supply-chains%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2087578&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The United States Signs \u200cAgreement to Boost Investments in Critical\u2062 Mineral Supply Chains<\/h2>\n<p>The United \u2063States is taking a\u200b significant\u2063 step\u2063 towards reducing its dependency on China for critical\u2063 minerals by \u200dsigning an agreement with a nonprofit organization. This\u2063 agreement aims to\u200c promote\u200c investments in supply chains that adhere to\u200d environmental, social, \u2064and corporate governance (ESG) standards.<\/p>\n<blockquote>\n<p>The move \u2063comes as the Biden administration seeks to grapple with the\u200d United States&#8217; dependency on communist China for\u2064 its\u200d critical minerals.<\/p>\n<\/blockquote>\n<p>Under Secretary of State\u2063 Jose Fernandez announced the signing of \u2063a memorandum \u200dof understanding with the Securing America&#8217;s Future\u200d Energy Foundation (SAFE), which will serve as\u2062 the State Department&#8217;s sole\u2064 not-for-profit partner in this agreement.<\/p>\n<h3>Related Stories<\/h3>\n<ul>\n<li><a href=\"http:\/\/www.theepochtimes.com\/world\/critical-mineral-production-capacity-doubles-down-with-2-billion-boost-5516459?ea_src=author_manual&#038;ea_med=related_stories\"><strong>Critical Mineral Production Capacity\u2062 Doubles Down\u2064 With $2\u200d Billion \u2063Boost<\/strong><\/a>  \u200b- 10\/25\/2023<\/li>\n<li><a href=\"http:\/\/www.theepochtimes.com\/world\/australia-france-to-jointly-study-critical-minerals-supply-chain-5501676?ea_src=author_manual&#038;ea_med=related_stories\"><strong>Australia, France\u2064 to Jointly \u2062Study Critical Minerals Supply Chain<\/strong><\/a>  &#8211; 10\/1\/2023<\/li>\n<\/ul>\n<p>The partnership, known as the Minerals Investment Network for Vital Energy Security and Transition (MINVEST), is a\u200b public-private collaboration with SAFE&#8217;s Center for Critical \u2062Minerals Strategy. It aims to \u200cfacilitate private\u200b sector investments in sustainable mineral projects outside of countries of\u2063 concern, such as China.<\/p>\n<p>&#8220;The MINVEST public-private partnership with SAFE will allow us to engage more systematically with \u2063the private sector and establish\u2064 a mechanism to accelerate\u2062 investment in\u200b responsible and sustainable critical minerals projects,&#8221; stated \u200dMr. Fernandez.<\/p>\n<p>Notably,\u200b the framework \u2062of this agreement will prioritize ESG standards, which focus on \u200cgreen\u2063 technologies and social justice issues.<\/p>\n<blockquote>\n<p>Some critics \u200dof ESG\u200d say\u2064 that the framework is a mechanism for forcing\u200b new moral ideologies \u2062on society by manipulating which companies should receive investments.<\/p>\n<\/blockquote>\n<p>According \u2062to SAFE\u2062 CEO Robbie\u2062 Diamond, MINVEST will enhance the United States&#8217; \u200csupply chain security by\u200b fostering \u200bcooperation with allied nations.<\/p>\n<p>&#8220;MINVEST will expand the expertise and\u2063 participation of the \u200cprivate sector to source\u2063 these building blocks \u200dof \u200bour modern economy with the highest standards,&#8221; said Mr. Diamond.<\/p>\n<p>This\u2062 project aims\u200b to encourage investment in strategic mining, processing, and recycling opportunities both domestically and abroad, diversifying the United \u2063States&#8217; critical mineral supply chain away from China.<\/p>\n<p>The\u2062 State\u2063 Department \u200cemphasizes the importance of working\u2064 with major allies and building \u200bglobal capacity to ensure that supply chains are not reliant\u200b on foreign entities\u200c of concern.<\/p>\n<p>SAFE, described as a &#8220;nonpartisan&#8221; organization, is dedicated\u200d to diversifying the United States&#8217;\u2062 fuel\u200d sources and other \u200bsupply \u200dchains. This new partnership will help \u200dachieve \u200bcommon goals,\u2064 including safer supply chains and more\u2064 sustainable infrastructure.<\/p>\n<p> <\/p>\n<h2> What\u200d is the objective of the\u2063 United States&#8217; \u200dagreement with\u200c the Securing America&#8217;s Future Energy Foundation?<\/h2>\n<p><span>  The\u200c United States\u2062 has taken \u200da significant step towards reducing its dependency on China for critical\u2062 minerals by signing an agreement\u2063 with a nonprofit organization. This agreement aims to \u2062promote investments in supply chains that adhere \u2064to environmental, social, and \u2064corporate\u200c governance (ESG) standards.<\/p>\n<p>The move comes\u2062 as the Biden administration seeks to \u200dgrapple with \u200cthe United States&#8217; dependency on communist China\u200b for its critical\u200c minerals. It is widely recognized that China dominates the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-democrat-coalition-releases-economic-agenda-to-ease-burdens-on-american-people\/\" title=\"New Democrat Coalition unveils plan to alleviate 'burdens on Americans'.\">global\u200b supply \u2062chain<\/a> for critical minerals, which \u2062are essential for the production of \u2064a range of high-tech products, including smartphones, electric vehicles, and renewable energy technologies.<\/p>\n<p>Under Secretary\u2064 of State\u2063 Jose Fernandez announced \u2062the \u200csigning\u200b of a memorandum of\u2063 understanding\u2063 with\u2064 the \u200bSecuring America&#8217;s Future Energy Foundation (SAFE). \u2064SAFE will serve as the State Department&#8217;s sole not-for-profit partner in \u200cthis agreement, working to boost investments in supply chains that meet ESG standards.<\/p>\n<p>This agreement is crucial for \u200bthe United States, as it \u2063seeks to secure its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-signs-esg-deal-to-accelerate-investment-in-critical-mineral-supply-chains\/\" title=\"US signs ESG deal to boost investment in vital mineral supply chains.\">critical mineral supply \u2062chains<\/a> and reduce\u2064 its reliance on China. By promoting \u200dinvestments in supply chains that adhere to ESG standards, the United States\u2062 aims \u200cto \u2062ensure a responsible and\u2063 sustainable sourcing of critical minerals.<\/p>\n<p>One of the primary objectives of\u200d this agreement is to diversify the United \u200dStates&#8217; <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-touts-chinese-backed-company-at-made-in-america-event\/\" title=\"Biden Touts Chinese-Backed Company at Made in America Event\">critical mineral supply chains<\/a> \u200bby encouraging investment in domestic production and processing facilities.\u2063 Currently, the\u200b United States imports a significant\u200b portion of its \u2062critical minerals \u200dfrom China, making it vulnerable to disruptions in the \u200bglobal supply chain.<\/p>\n<p>Boosting domestic production \u2062and processing of critical minerals will not only enhance \u200cthe United States&#8217; economic security but\u2063 also support job creation and technological innovation. Moreover, by adhering to ESG standards, the United States aims\u200c to ensure that the production \u2063and processing of critical minerals are carried out\u2063 in \u2063an environmentally sustainable manner.<\/p>\n<p>This agreement\u2062 comes at a time when other countries are also taking steps \u200bto secure their\u200b critical mineral supply chains. For instance, Australia \u2064and France\u2064 recently announced a\u2064 joint study on \u2064critical minerals\u200b supply chains.\u200c Such initiatives reflect \u200dthe growing\u2063 global recognition\u2063 of the importance of \u2063critical minerals and the\u200c need for responsible \u200csourcing practices.<\/p>\n<p>In\u200b conclusion, the United States&#8217; agreement \u200cwith the Securing America&#8217;s Future Energy Foundation is a significant step \u2064towards reducing its dependency on China for critical minerals. By promoting\u200b investments in supply chains that adhere\u2063 to \u2063ESG standards, the United States aims \u2062to secure its critical mineral supply chains, boost \u200ddomestic production and\u2064 processing, and ensure responsible\u200b sourcing. This \u2063agreement is a vital move towards enhancing the United States&#8217; economic security,\u2063 job creation, and technological innovation in \u200bthe critical minerals sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US is partnering with a nonprofit to boost investments in critical mineral supply chains, focusing on ESG standards. This aims to address the country&#8217;s reliance on China for these minerals. The move aligns with the Biden administration&#8217;s efforts to tackle this issue.<\/p>\n","protected":false},"author":228,"featured_media":2087579,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2087578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2087578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2087578"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2087578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2087579"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2087578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2087578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2087578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}