Re:Left-wing party opposed to rare earth mining project wins...
by klyrs on Wednesday April 07, 2021 @07:44PM
(#26733118)
> First of all, the government paid $4.5B for it, which makes it literally impossible for them to have overpaid by $7B.
On one hand, I stand corrected on the cash paid. On the other hand, you're wrong, its actual market value may be negative, so the strongest criticism is that I pulled the -2.5B real valuation out of my butt.
And yeah, they're tied up in court because their attempt to steamroll the first nations and skirt environmental regulations is probably illegal, but we'll see what the courts say.
And no, the world doesn't need more oil. Nor does the world need oldgrowth lumber, nor does the world need unsustainably caught fish. We need to stop tapping new wells, leave that shit in the ground, to prevent climate disasters. We need to transition to managed forest products. There's no easy solutions on fish. We probably just need to eat less of it (and yeah, that's going to be difficult for me too)
On one hand, I stand corrected on the cash paid. On the other hand, you're wrong, its actual market value may be negative, so the strongest criticism is that I pulled the -2.5B real valuation out of my butt.
And yeah, they're tied up in court because their attempt to steamroll the first nations and skirt environmental regulations is probably illegal, but we'll see what the courts say.
And no, the world doesn't need more oil. Nor does the world need oldgrowth lumber, nor does the world need unsustainably caught fish. We need to stop tapping new wells, leave that shit in the ground, to prevent climate disasters. We need to transition to managed forest products. There's no easy solutions on fish. We probably just need to eat less of it (and yeah, that's going to be difficult for me too)