On November 1, Under Secretary of State for Economic Growth, Energy, and the Environment Jose W. Fernandez and Special Representative for Global Partnerships Dorothy McAuliffe announced the Minerals Investment Network for Vital Energy Security and Transition (MINVEST), a new public private partnership with the nonprofit SAFE’s Center for Critical Minerals Strategy. During the public announcement, SAFE Founder, President, and CEO Robbie Diamond and Under Secretary Fernandez signed a Memorandum of Understanding establishing the partnership. Assistant Secretary for Energy Resources Geoffrey Pyatt provided remarks and answered questions from the press on how the partnership supports State’s broader energy security and clean energy transition policies.
The MINVEST Partnership will promote public-private dialogue and spur investment in strategic mining, processing, and recycling opportunities that adhere to high environmental, social, and governance (ESG) standards. These activities are central to the United States’ critical minerals strategic goals, including the Department of State’s commitment to the Minerals Security Partnership (MSP), of which the United States is a founding member.
The partnership, facilitated by State’s Office of Global Partnerships, highlights how public and private sector actors can come together in pursuit of common goals, in this case, to bolster critical mineral supply chains to ensure a more sustainable future. The partner, SAFE, is a nonpartisan, nonprofit, mission-driven organization dedicated to diversifying fuel sources and supply chains needed for energy, transportation, and defense critical to U.S. and allied national security and economic competitiveness. SAFE launched the Center for Critical Minerals Strategy in 2021 to promote diverse, secure, sustainable supply chains from mining and processing to manufacturing and recycling that support U.S. and its partners’ transition to a technology-backed green economy.
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