RE: Own resources…. No brainer!28 May 2026 10:22
Just my view point on if they should open pit mine and why. As an absolute advocate for renewable energy, heavily invested in hydrogen and other "green" stocks in which i see more as energy security rather than the tainted "net zero" or " green" tags.. Wind, Solar, Water all free sources of energy but all require different technology, batteries are essentially dirty, electric vehicles have their issues, hydrogen requires power and inefficient, unless free sources used, oil and gas filthy and polluting but infrastructure supports. There is no perfect solution. but we can use multiple energy sources to transition to a better future.
Countries which can afford to push for renewables should, every country should aim to be energy independent, as modern advancements mean it's getting more and more possible. Energy storage is a big one which is why advanced batterys and hydrogen are so important. But those "advanced" countries still got to that place by first using coal, oil and gas etc etc. So why shouldn't others be able to do so.. It enables them to level up and afford to improve their power needs.
Phulbari could break part of a decent energy portfolio, reduce huge spending on importing ( which if you're going to do that, you might as well use your own resources for a start!! ) it generates revenue and power needs and allows improvements in infrastructure to support solar and other renewable projects.
Yes, open pit mining is not ideal short term but it allows for a much more stable and reliable future long term. If they can save money by generating much needed power nationally they can invest in far better solutions moving forwards.