Three-quarters of Americans have not.
Practical Lessons from China-based Suppliers in Achieving Environmental Performance
This working paper highlights examples of five companies operating
in China and illustrates the approaches they have adopted to address
environmental problems. The paper focuses on water pollution within China’s challenging business landscape.
Hungary’s toxic ‘red sludge’ is a stark reminder of why mining companies need to better disclose their water-related risks.
On October 4th, the wall of a wastewater reservoir for the Ajka alumina processing plant broke, sending 35 million cubic feet of corrosive ‘red sludge’ downhill into nearby villages and ultimately the Danube River. This ecological disaster has claimed eight lives and devastated many more by destroying homes, livestock, and crops. Meanwhile workers are rushing to build emergency dams to stem a second flood that is expected to occur should another wastewater reservoir wall collapse.
For investors and financial institutions, water risks in the mining sector are difficult to track.
This summer, while Americans focused on the BP oil spill, disaster struck at a copper mine in southeastern China. The mine, owned by China’s largest gold producer, Zijin Mining Group, leaked 2.4 million gallons of waste water laced with acidic copper into the Ting River, killing 2,000 metric tons of fish – enough to feed 72,000 residents for a full year.
Just as the Deepwater Horizon disaster reminds us of the underlying risks of offshore oil drilling, the Zijin disaster demonstrates the environmental risks associated with the thousands of hardrock mineral mines in operation around the world. And, as a new paper from WRI concludes, current reporting practices mean that investors and financial institutions may not be fully aware of these risks, even though they may suffer the consequences.
Connecting Water Risks and Disclosure in the Mining Sector
This paper outlines potential water-related risks facing the mining industry and highlights important gaps in water-related disclosure.
Nestled amid the concrete and steel of midtown Manhattan, the Ana Tzarev Gallery was recently abuzz with talk of a completely different kind of ecosystem: coral reefs.
This working paper evaluates the opportunities for Pennsylvania farms to sell nutrient credits in a proposed nutrient trading program in the Chesapeake Bay Watershed.
This working paper evaluates the opportunities for Maryland farms to sell nutrient credits in a proposed nutrient trading program in the Chesapeake Bay Watershed.
WRI's Lauretta Burke discusses her work on measuring the economic value of coral reefs in the Dominican Republic and other Caribbean countries.
The federal commitment to develop and support environmental markets could have national significance.