US Miners Underscore Mining Attributes In Line w/ Biden’s Climate Change Plans

After U.S. news networks declared Joe Biden as the President-Elect, members of the National Mining Association (NMA) lost no time in acknowledging his victory. Lest the incoming POTUS is of the notion that operations of U.S. mining companies are opposed to his climate change plans, they also took the opportunity of giving the mining industry a nudge.

Even if the President-elect’s climate change plans will immediately ban coal mining toward elimination of fossil fuel use, the mining executives who spoke to the former Vice President gave reminders that they are also into mining metals.

Many of which are vital for the incoming administration’s green initiatives, such as the manufacture of purely electric vehicles (EV). They likewise underscored the fact that the country’s 600,000 miners supply products used to make bridges, cell phones, solar panels and a myriad of other consumer goods.

The NMA executives stated that metals such as copper and lithium are aligned with Biden’s goals of reducing energy consumption toward meeting the global climate goal of zero-carbon emissions. According to American Elements’ Chief Executive, Michael Silver, Biden has enormous potential in changing the spirit of mining in the country, because his climate change plans have great demands for other mineral extracts like lithium.

A Quick Overview of President-Elect Biden’s Climate Change Goals

Former Vice President Joe Biden’s election victory can be attributed in part to the $2 trillion budgeted climate plan he bared during his campaign runs. According to a Pew Research Center conducted after the Nov. 03 election, 42% of the voters responding to the survey gave indications that climate change was an important deciding factor on who they voted for as president.

The President-elect plans on adding new fuel economy standards in order to lessen the emissions of greenhouse gases coming from transport vehicles. The objective is to have only the latest light and medium duty electrically-powered vehicles running in the country. As for heavy vehicles, the process in following suit in the same direction, will take place progressively.

Additionally, the plan is for the government to include the giving of incentives in the use of electric vehicles. The funds for the incentives will form part of the spend of the yearly $500 billion purchasing power that will be allocated for the expansion of zero-emission automobiles and the use of renewable energy.

Furthermore, new appliance and building-efficiency standards will be initiated among consumers and federal government facilities as a way to ensure efficiency in energy use and in minimizing greenhouse gas emissions.

Stricter limits would also be implemented on methane pollution produced by the gas and oil companies operating in the country. That is something other players in the mining industry must take note of in aligning their operations with the President-elect’s climate change goals.

Everything about Natural Gas

Just like with the best recliners for back pain that is marketed in different parts of the world, it goes the same with natural gas as well. It’s estimated as well that there are huge amount of natural gas left worldwide. On the other hand, it is quite a challenge to gauge how much natural gas the planet stores for us. With new technology though, this helps in making the entire process a lot easier and more accurate as well.

How much Natural Gas Reserves the World has?

Recent studies showed that majority of the natural gas reserves in the world are found in Europe, former USSR and the Middle East with reserves making almost 75% of total reserves in the world. Approximately 16% of reserves are situated in Asia and Africa and the other 4% in South and Central America.

The United States makes up nearly 4%. While the US might just have a minimal percentage of natural gas compared to other reserves in the world, there’s still lots in the country that can last for 60 years or even more.

The natural gas might just be sitting somewhere else waiting to be recovered or discovered. As a matter of fact, there are 32 states that are producing natural gas wherein the top producing states are:

  • New Mexico
  • Wyoming
  • Oklahoma
  • Texas and;
  • Louisiana

Combined together, these states are capable of producing over 50% of natural gas for the US. For a number of years, natural gas was deemed useless and discarded by burning it in giant flares. But it was not that long before experts found other useful methods for it like as an energy source. These days, there are around 24% of energy consumption in the US that comes from natural gas.

Natural Gas Component

As a matter of fact, more than half of the houses in the US are using natural gas as its main heating fuel. Natural gas is also shapeless, colorless as well as odourless. Since it has no smell, what companies do is adding chemicals to it which make it smell almost the same with rotten eggs. Through this, it is easy to tell if there’s a leak in your house.