The U.S. is now a major stakeholder in a mining company.
President Donald Trump signed an executive order directing his administration to approve permits for a mining access road in Alaska. The order also directs the president’s administration to invest $35.6 million into the mining company managing the project, which would make the U.S. government a 10 percent shareholder in the company. President Trump intends to purchase another 7.5 percent stake at a later date.
“This is something that should have been long operating and making billions of dollars for our country and supplying a lot of energy and minerals and everything else that we are talking about,” President Trump said at a signing event in the Oval Office.
President Biden’s administration had previously rejected the permits necessary for this 211-mile road, over concerns of its impact on caribou and fish that native communities rely on for food supplies.
As the Lord Leads, Pray with Us…
- For President Trump to be wise in his economic investments and support for energy development.
- For U.S. officials as they issued permits for access into national public lands for management and mining.
Sources: Reuters, Epoch Times
