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Pope and Bank Clash on Mining Ethics
Description
In a pivotal meeting, Inter-American Development Bank head Ilan Goldfajn pitched a responsible mining future to Pope Leo XIV, urging Latin America to harness rare earth minerals for tech and EVs—without repeating the region’s exploitative past. With the Vatican’s moral authority and the Pope’s firsthand knowledge of Indigenous suffering from mining, the dialogue centers on ethical extraction, local value, and environmental justice. Goldfajn leverages the IDB’s $4 billion pipeline and European investors to build a new model, while the Pope’s upcoming Peru visit signals continued pressure for accountability in resource development.
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