Canada is sitting on an enormous deposit of critical minerals for green technology, but it would need to tear up swaths of a forest and otherwise develop wilderness to access those reserves, according to The Wall Street Journal.
The “Ring of Fire” deposit more than 700 miles northwest of Toronto contains underground deposits of cobalt, nickel, platinum and other metals needed to build green technologies like electric vehicle (EV) batteries , with experts estimating that the deposit could potentially be worth tens of billions of dollars, according to the WSJ. The deposit sits in the middle of largely untouched forestry and peat bogs, and is proximate to several indigenous tribes, with these factors prompting environmentalist interests to oppose both the infrastructure development needed to extract the deposits and the extraction itself.
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