Governor Sean Parnell today released the following statement after learning of Rio Tinto's decision to divest its 19 percent ownership stake in Northern Dynasty Minerals and the Pebble copper and gold project.
"It's disheartening to see a company like Rio Tinto take its business elsewhere as a result of the current federal regulatory environment," Governor Parnell said. "Even more troubling is the EPA's efforts to preemptively veto a project before any proposal has been submitted and before a public permitting process has even commenced. Mining provides thousands of jobs for Alaskans and is a critical sector of our state's economy. Looking ahead, for Alaska to compete globally for investment dollars, it will require a fairer and more stable regulatory process than what the federal government currently pursues."