France’s Le Maire: We will be EU’s first green economy by 2040 https://www.euractiv.com/section/economy-jobs/news/frances-le-maire-we-will-be-eus-first-green-economy-by-2040/?utm_source=dlvr.it&utm_medium=mastodon #BrunoLeMaire #greenindustry #investmentscreening #Publicspending

France’s Le Maire: We will be EU’s first green economy by 2040 https://www.euractiv.com/section/economy-jobs/news/frances-le-maire-we-will-be-eus-first-green-economy-by-2040/?utm_source=dlvr.it&utm_medium=mastodon #BrunoLeMaire #greenindustry #investmentscreening #Publicspending

The weekly #investmentscreening news round up is back after a holiday pause (as ever, drafted by the fantastic Gabriella Couloubaritsis). Lots of US news this week - #outbound appropriation, #binance #fufeng #borqs plus some interesting news out of #Canada (2 year pause on #realestate sales to foreigners) and #Australia (#FIRB approval of #mining deal). Read more here: https://investmentscreening.princeton.edu/news/2023/20230109-ism-roundup

Some interesting bits from a recent speech by the Australian Treasurer at the Australian Critical Minerals Summit:

'[We] recognise... [that critical minerals is a generational opportunity' – and we are determined to make sure that this historic opportunity translates into industrial strength, and long‑term prosperity for our country and for our people.

'... where our great opportunity lies... Through processing, refining, upgrading, manufacturing, reusing and recycling... Adding value before we export – cementing our position in the global supply chain for low‑emissions technologies.

'... the fact that more and more, critical minerals will become a locus of geo-economic competition... around 60 per cent of rare earths mining is in China. But its dominance in this sector is best viewed along the supply chain – from start to finish.

'... the challenges and risks that such concentration can pose. This kind of concentration creates supply chains that are especially vulnerable to disruption – with economic consequences that are far‑reaching and deeply‑felt.

'Rather than locking down supply chains and trying to create an OPEC‑like set up for critical minerals, we would be better off responding by diversifying global supply chains and making them more resilient. And that means Australia becomes more essential to them.

'We have globally significant deposits of essential minerals; a highly skilled mining sector; a stable investment environment and strong regulatory and governance arrangements; and a reputation as a trusted strategic partner to many of the world’s major economies. To put it as simply as I can – our international friends need to rely on someone, so let’s have them relying on us.

'But as investment interest grows, and as the sources of that investment interest grow, we’ll need to be more assertive about encouraging investment that clearly aligns with our national interest in the longer term. [GOOD. #InvestmentScreening]

'When we’re talking about investments in critical minerals we’re talking about investments... in strategically important land... and in industries that will underpin much of the global growth and progress in the 21st Century. This touches every tenet of our national interest.

'For these reasons, I have asked the Treasury to begin working with the Foreign Investment Review Board, with the Critical Minerals Office in the Department of Industry, with Geoscience Australia, DFAT and States and Territories to:
- Identify relevant data about investment in critical minerals companies
- Consolidate this data so we can better understand the dynamics of this investment
- And develop more sophisticated methods of tracking investment patterns in critical minerals in the future. [YOU BEAUTY.]

'And as our partners around the world increasingly ask themselves what’s required to power the clean‑energy technologies of the future, and to sustain their economies – we know this: Australia can be the answer. Australian resources can be the answer'.

Full remarks: https://ministers.treasury.gov.au/ministers/jim-chalmers-2022/speeches/address-australian-critical-minerals-summit-sydney

11.14.2022 #investmentscreening news roundup (@GCouloubaritsis). #Canada orders divestment of 3 Chinese critical mineral investments; #Canada and #India release FDI reports; #Biden weighs in on #Twitter; #Australia to review an oil acquisition. https://investmentscreening.princeton.edu/news/2022/20221114-ism-news-roundup

First #investmentscreening roundup for the new social network. Fittingly, there’s a #tiktok story: https://investmentscreening.princeton.edu/news/2022/20221107-ism-news-roundup