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Thursday, August 1, 2013

Grinding Down the Threat Posed by Pebble Mine

But the U.K.'s BBC will be broadcasting a video today calling into question the harm the project would cause to both the environment and the salmon industry already existing there and wondering whether some resources are best left untapped.
That's the same conclusion reached previously by jewelry maker Tiffany (NYSE: TIF  ) , which surprisingly weighed in on the issue through a joint statement with Trout Unlimited opposing moving forward with the plan:
For Tiffany & Co. -- and we believe for many of our fellow retail jewelers -- this means we must look to other places to responsibly source our gold."
Other jewelers including Zale (NYSE: ZLC  ) and Helzberg Diamonds joined the so-called "No Dirty Gold" campaign several years ago to oppose Pebble. Other unlikely opponents coming together include gunslingers Sturm, Ruger (NYSE: RGR  ) and Savage Arms through the Sportsman's Alliance for Alaska.
http://www.fool.com/investing/general/2013/07/31/grinding-down-the-threat-posed-by-pebble-mine.aspx

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