.jpeg)
1) The Bureau of Land Management (BLM), which overseas public lands and subsurface minerals, proposed a rule that would allow environmental organizations to lease land for conservation purposes, blocking resource development. "The process announced today could fundamentally change the way BLM approaches land management," said Athan Manuel, the director of Sierra Club’s Lands Protection Program. "As the largest manager of lands in the country, BLM must be a critical part of the U.S. strategy for taking on climate change and biodiversity loss." According to the BLM, the rule will improve climate change resilience of public lands. Many Republicans and conservation experts critized the rule, saying it may conflict with existing laws. "This rulemaking is yet another attempt by the Biden administration to pay lip service to radical environmentalists, and will lead to more land being locked up," House Natural Resources Chairman Bruce Westerman, told Fox News Digital in a statement.
2) Teck Resources keeps fighting back on Glencore's attempt to takeover saying it is a structurally flawed deal and a "complete non-starter." “This is not just about price,” Jonathan Price, the CEO said on Monday. “We also see serious structural flaws in the proposal that Glencore has put forward, and we believe that (it) would destroy value for Teck shareholders, and that it has significant execution risks.” Teck argues that the merger will expose shareholders to a larger thermal coal and oil trading portfolio from Glencore, which many investors are trying to avoid when it comes to the current trend of transitioning to green energies and away from fossil fuels.