US Signs ESG Deal to ‘Accelerate Investment’ in Critical Mineral Supply Chains

Public-private partnership to encourage the use of ESG standards as administration looks to diversify away from reliance on China.

Excavators work at Atlantic Gold Corporation's Touquoy open pit gold mine in Nova Scotia in a file photo. Andrew Vaughan/The Canadian Press

The United States is signing an agreement with a nonprofit to spur investments in supply chains of critical minerals that adhere to environmental, social, and corporate governance (ESG) standards.

The move comes as the Biden administration seeks to grapple with the United States’ dependency on communist China for its critical minerals.