Semafor Net Zero: One Good Text
After winning a $20 billion contract with Google, Intersect Power wants to “create a whole new class of real estate.”
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Author, “Power Metal: The Race for the Resources That Will Shape the Future”
The clean energy transition has a dirty underside. To move away from fossil fuels and toward solar, wind, batteries, and other alternative sources of energy, we have to intensify mining operations for critical minerals like lithium, copper, and cobalt.
According to a Global Witness analysis of S&P Global data, copper mining will increase more than 25% between 2021 and 2028. Cobalt mining will be up more than 100%. Lithium, more than 300%. And all that mining has serious environmental and social impacts, particularly in developing countries.
This week, host Bill Loveless talks with Vince Beiser about his latest book “Power Metal: The Race for the Resources That Will Shape the Future.”
Vince is an author and journalist whose work has appeared in Wired, Harper’s Magazine, The Atlantic, and The New York Times, among other publications.
They discuss cleaning up the chase for critical minerals, advancing the clean energy transition while minimizing mining impacts globally, and what role the U.S. government can play, particularly with an incoming Trump administration.
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On April 30, 2025, the United States and Ukraine signed a long-anticipated economic partnership agreement establishing the US–Ukraine Reconstruction Investment Fund.
The critical minerals executive order signed by President Trump on March 20, 2025, aims to significantly increase domestic production of critical minerals within the United States.
In an escalation of trade tensions, Donald Trump threatened to double tariffs on Canadian steel and aluminum to 50 percent this week.