Addendae 3 cont'd 3/4

Born in Halifax, this part doubly saddens me! 😥 🤬

Brigus Gold: https://en.wikipedia.org/wiki/Brigus_Gold

* was Canadian mining company based in Halifax, Nova Scotia, Canada

* mid-1990s Brigus Gold formed when Pegasus Gold declared bankruptcy, transferred profitable assets to Apollo Gold

* Pegasus Gold wanted to avoid paying for the clean-up of its Montana Zortman-Landusky mine

http://www.meic.org/mining/cyanide_mining/zortman_landusky_mines

#PegasusGold #BrigusGold

Addendae 3 cont'd 4/4

* Pegasus Gold, Apollo Gold directors were same people

* cited as example of corporate environmental irresponsibility & unsustainable mining practices at expense of local people, environment

* Pegasus Gold's bankruptcy left Montana w. $100s millions reclamation costs in last 30 years

* Texas two-step bankruptcy: https://mastodon.social/@persagen/110731540385917773

#PegasusGold #BrigusGold #ApolloGold #GregGianforte #EcologicalDestruction #CorporateEthics #ZortmanLanduskyMines #Montana #TexasTwoStep

Reply to this note

Please Login to reply.

Discussion

Addendae 4

Good place/timing for this, here.

Private equity gets into oil/gas. Bankruptcies, abandoned wells on public land

https://www.hcn.org/articles/energy-industry-private-equity-gets-into-oil-and-gas

* where private equity makes acquisitions bankruptcies follow

* new target: oil & gas companies operating on U.S. public land

Private Profits, Public Risks

P.E. Funds Oil/Gas Drilling on Public Lands; Taxpayer $380M Cleanup

https://www.citizen.org/article/private-profits-public-risks/

#capitalism #PrivateEquity #FossilFuels #EcologicalDestruction #CorporateEthics #DefundBillionaires