Mining executives bought stock in their own firm days before Trump shrank Bears Ears

The investigation into potential insider trading by mining executives in relation to the reduction of Bears Ears National Monument is a concerning development that highlights the need for transparency and accountability in the extractive industries. The fact that executives bought stock in their own firm just days before the Trump administration announced its plans to shrink the monument raises questions about their access to non-public information and whether they used this information to their advantage.

This incident is particularly relevant to the solar industry, as it underscores the ongoing tension between the fossil fuel and renewable energy sectors. The Bears Ears controversy is part of a broader debate about the management of public lands and the prioritization of extractive industries over conservation and renewable energy development. As the solar industry continues to grow and compete with fossil fuels, it is essential that policymakers and regulators ensure a level playing field and prevent abuses of power.

Looking ahead, it will be important to watch how this investigation unfolds and whether it leads to any changes in the way that public lands are managed and regulated. The solar industry should also be paying attention to any potential implications for the permitting and development of large-scale solar projects on public lands. Will this investigation lead to greater scrutiny of industry practices and more robust enforcement of insider trading laws? And how might this impact the trajectory of the energy transition, as the US continues to shift towards a more renewable energy-based economy?

Originally reported by grist.org. SolarNews adds analysis for climate & energy readers.