Your audio article is ready to load.
Numerous environmental and human rights groups have written and co-signed an open letter to Musk, begging him to avoid investing in Indonesia's nickel mining industry for fears of mining-caused environmental devastation and harm to Indonesia's indigenous communities.
This letter comes on the heels of a meeting between Musk and the President of Indonesia, where the two reportedly discussed the possibility of Musk investing in Indonesian nickel mining.
According to the letter, the nickel industry in Indonesia has a history of environmental damage, criminalization threats that abuse democracy and equity, the threats to the vulnerable groups, and multiple violations of law.
It is essential that nickel is used in batteries. One of the biggest concerns of the EV industry is battery storage.
In a 2020 conference call, Musk said that "Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmental sensitive way."
The current state of the market makes it unlikely that the billionaire will stop mining in Indonesia.
Companies worldwide are racing to become major players in the EV world, while a shortage of raw materials needed for the vehicles' batteries is threatening the rapidly growing industry.
Increased mining efforts are pushed for by many industry executives. In May, Ford's CEO told CNBC that in order to bring more EV to the market, they need mining permitting.
Musk has made a reputation for himself as a vocal climate advocate, despite the fact that he has been known to launch polluting rockets. Don't expect this letter to change his mind.
The family is annoyed when replacement batteries cost more than the electric car.
All Rights Reserved © 2024
