This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Peer Review Panel Confirms Serious Flaws In EPA's Draft Bristol Bay Watershed Assessment Report

VANCOUVER, Nov. 15, 2012 /PRNewswire/ - Late last week, the US Environmental Protection Agency (EPA) released the final judgment of a panel of independent experts retained to review its work to date on the Bristol Bay Watershed Assessment (BBWA), in a report entitled ' External Peer Review of EPA's Draft Document: An Assessment of Potential Mining Impacts on Salmon Ecosystems of Bristol Bay, Alaska ."

In a wide-ranging critique of the draft report's methodology and findings, Peer Review Panelists called the EPA's effort to evaluate the effects of a 'hypothetical mining scenario' on the water, fish, wildlife and cultural resources of Southwest Alaska " inadequate," " premature," " unreasonable," " suspect" and " misleading." Reviewers consistently stated it is not possible to fully assess the effects of a project like the proposed Pebble mine in a region like Bristol Bay in the absence of a definitive mine plan.

" The authors have attempted to develop a hypothetical mine and attempted to assess possible environmental effects associated with mine development, operation, and closure," said Dr. William Stubblefield, a senior professor at Oregon State University and an expert in environmental toxicology. " Although interesting, the potential reality of the assessment is somewhat questionable. It is also unclear why EPA undertook this evaluation, given that a more realistic assessment could probably have been conducted once an actual mine was proposed and greater detail about operational parameters available."

The EPA initiated the BBWA in February 2011 in response to requests from certain opponents of the Pebble Project to use its power under section 404c of the US Clean Water Act to veto the project prior to the Pebble Limited Partnership (the "Pebble Partnership" or "PLP") submitting a proposed development plan or applying for permits. After reducing the scope of its assessment on a number of occasions, the federal agency completed the draft BBWA report in just over a year, where previous EPA assessments of other watersheds have taken 4 - 9 years to study significantly smaller areas of land.

In addition to questioning the reasonableness of EPA efforts to assess the effects of a project that has not yet been defined, a series of other criticisms were consistently raised by Peer Review Panelists:
  • the draft BBWA report suffers from a lack of sufficient data and information to support the conclusions reached, yet the report authors in many cases overlooked the voluminous site-specific data provided by PLP as part of its ' Environmental Baseline Document'
  • the draft BBWA report over-estimates both the likelihood and consequence of a range of potential systems and operational failures;
  • the draft BBWA report presents inappropriate and misleading case studies;
  • the 'hypothetical mining scenario' presented in the draft BBWA does not employ 'best mining practices', or the alternative engineering approaches, environmental safeguards and other mitigation strategies commonly used at modern mines to avoid environmental effects.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%
YHOO $36.94 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs