he Canada Nickel Company is a fledgling Ontario mining firm with a handful of leases in mineral-rich northern Ontario and ambitious plans to dig for nickel, cobalt and iron.
So it represents a particularly audacious move that the company recently announced the creation of a wholly owned subsidiary called NetZero Metals, charged with the task of mining those metals without a carbon footprint.
Green boasts can be a little suspect, especially since the net-zero goal is one that established players in industries like steel and oil have placed at the far end of a 30-year ramp.
But this boast is worth more consideration than usual. Canada Nickel’s bold plan could have serious implications far beyond its operations in Timmins. Just weeks before Canada Nickel launched NetZero Metals, the European Union unveiled its pandemic recovery plan.
It’s one of the grandest gestures in the history of a political body known mostly for stuffy bureaucratic pronouncements – more €1.8 trillion dollars in grants and loans, equivalent to nearly 5% of the EU’s GDP.