Minnesota governor now supports PolyMet copper-nickel mine - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 24, 2017 Newswires
Share
Share
Post
Email

Minnesota governor now supports PolyMet copper-nickel mine

Associated Press

ST. PAUL, Minn. (AP) — Minnesota Gov. Mark Dayton says he's moved from being "genuinely undecided" on the proposed PolyMet copper-nickel mine to being a genuine supporter of the project.

PolyMet has many backers because it promises 360 permanent jobs in the Hoyt Lakes-Babbitt area of northeastern Minnesota's Iron Range, 600 indirect jobs and an annual economic benefit to St. Louis County of over $500 million. But environmentalists say it could lead to environmental disaster, citing the potential for acid mine drainage from the sulfide-bearing rocks and of spills if the tailings basin dam breaks.

"Nothing of that magnitude is risk free but I think it's a risk worth taking and I support the project," Dayton told the St. Paul Pioneer Press for a story published Tuesday. "But they still have to meet the environmental permitting requirements."

The company is in the process of seeking those permits, and the Democratic governor said he won't interfere with state agency permitting decisions.

Dayton also said he's working with officials to pin down the final financial assurances plan so that taxpayers won't have to pay the environmental cleanup and monitoring costs if PolyMet goes bankrupt. Dayton said he had a meeting last week on some of those details. He said they're building in sufficient environmental and financial protections.

"They'll be controversial, but that's where I come down on the side of jobs and environmental protection," he said. "I think we've found a way to make them compatible."

Steve Morse, executive director of the Minnesota Environmental Partnership, told the Star Tribune of Minneapolis that he and his allies "respectfully disagree" with Dayton's stance, which he called "befuddling."

"It's a high risk project in a highly sensitive watershed," Morse said. "As Minnesotans we ought to be protecting all of our water resources."

Dayton saids he's not as comfortable with another proposed copper-nickel mine, Twin Metals near Ely, because it's in a watershed that flows into the Boundary Waters Canoe Area Wilderness. The federal government in the last weeks of President Barack Obama's administration essentially declared at least a two-year time out on that project and said it wouldn't renew the mineral rights leases it needs to proceed. Some members of Minnesota's congressional delegation are trying to persuade President Donald Trump's administration to reverse those decisions.

The governor said he understands that people who want jobs in northern Minnesota see Twin Metals as worth the risk, while those whose priority is protecting the Boundary Waters and that region think it's not. He said he doesn't see any middle ground.

Older

GOP Lawmakers Propose New Conditions On Health Care Bill

Newer

Q&A: Abortion case involving immigrant teen stirs emotions

Advisor News

  • Trump to promote tax breaks in Las Vegas, where residents feel the pinch of high gas prices
  • Lifetime income is the missing link to global retirement security
  • Don’t let caregiving derail your clients’ retirement
  • The ‘magic number’ for retirement hits $1.45M
  • OBBBA can give small-business clients opportunities for saving
More Advisor News

Annuity News

  • Lifetime income is the missing link to global retirement security
  • ‘All-weather’ annuity portfolios aim to sharply limit rainy days
  • Annuity income: The new 401(k) standard?
  • Smart annuity planning can benefit long-term tax planning
  • Agam Capital Announces the Continued Growth of Agam ISAC’s Bermuda Platform
More Annuity News

Health/Employee Benefits News

  • Baylor Scott & White Health Plan will stop providing Medicaid and marketplace coverage in Texas
  • Mallory McMorrow shops maternal health plan with focus on Black mothers, addressing inequities
  • SAFEGUARDING PATIENTS FROM COVERAGE LOSS, ELLMAN TARGETS OVERDUE PREMIUM POLICIES
  • EMPLOYER-SPONSORED HEALTH INSURANCE 101
  • MORRISON ADVANCES MEASURE ENSURING INSURANCE COVERAGE FOR SEIZURE DETECTION DEVICES
More Health/Employee Benefits News

Life Insurance News

  • CID hosts info session for PHL Variable policyholders
  • ‘Seismic changes’ cloud global economy, analyst says
  • Lifetime income is the missing link to global retirement security
  • AM Best Affirms Credit Ratings of ReliaStar Life Insurance Group Members
  • Voya Financial announces expanded Employee Assistance Program services with TELUS Health
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Press Releases

  • RFP #T01825
  • RFP #T01825
  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet