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Swiss gold refiner MKS PAMP plans to try to become environmental enforcer
Maybe countries that want to remain independent will have to open their own refineries and take charge of their own carbon-emission standards.
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Gold Refiner to Stop Working With Mines That Miss Carbon Goals
By Eddie Spence
Bloomberg News
Wednesday, May 18, 2022
One of the biggest gold refineries will look to stop sourcing metal from mines that fail to meet standards on carbon emissions.
MKS PAMP SA plans to curb emissions that come from its supply chain by 27.5% before the end of the decade, the company said in a statement today. As a result the Geneva-based firm may have to refuse gold from mines that create too much carbon dioxide.
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Extraction of the metal forms the bulk of gold's carbon footprint. Miners emitted almost a ton of carbon dioxide per ounce mined in 2019, according to S&P Global. The industry as a whole accounts for about 0.2% of the world's emissions, Wood Mackenzie wrote in a report. ...
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