Environmental Investigation Agency US’ Post

Our new investigation uncovers a network of 450 Canadian companies that are using a complex "Prospect Generator Model" to mine not for gold, but for investors and tax benefits. Average investors hoping that one of these claims will become a profitable gold mine face one in 10,000 odds. Mine exploration in sensitive salmon watersheds leaves downstream communities shouldering the financial and environmental risks, while distant mine owners and major investors reap the rewards. This imbalance raises questions about the long-term financial sustainability of these ventures - especially since they share many attributes of a Ponzi scheme. Learn more about these Bad Prospects - and how Canada and the U.S. can address them - here: https://lnkd.in/erW9dtrw

  • A mine scars the boundary between a huge waterway and a mountain.

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