We Need Miners and Cheap Drugs

Everyone wants to get into mining these days. The extractive industries have seen a flurry of interest as the rush to decarbonize our economies sparks a race to control the metals those low-carbon technologies need to work. We discuss the ESG paradox this creates: on the one hand, mining is a fundamentally challenging sector when it comes to ESG and on the other hand for renewable energy to be a feasible solution to fossil fuels, we need batteries. Then we discuss a sustainability bond issued by Teva Pharmaceuticals with some of its provisions tied to both better access to healthcare and lower greenhouse gas emissions.