Why America Can’t Build Anymore: Six People Can Stop a $100B Chip Factory… AFTER a Two Year Review
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Episode Description
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Brief Summary
Micron's mega fab faces a lawsuit from six citizens despite local support, highlighting issues with environmental nonprofits.
Key points
- Micron's Mega Fab Controversy. A hundred billion dollar investment faces a lawsuit from concerned citizens despite local support.
- Environmental Nonprofits and Investment Delays. Environmental groups can create chaos with no risk, impacting major investments like lithium production.
Transcript
Micron has a hundred billion dollar mega fab in New York and there's a lawsuit by six one two three four five six six concerned citizens. That's shameful. They spent 612 days on the environmental impact study. >> Yeah, I don't know why anyone bothers with the blue states anymore. They make it too hard to build. This is not a case of this new fab being unpopular. The majority of people in the area actually want this plant being built. They want the jobs that are going to come there. But six people can stop it with a lawsuit after it's already been through a two-year environmental review. >> It's not blue and red states. These are
nonprofits that get organized to create this kind of chaos. I remember looking at a massive lithium investment in Nevada. And the whole point was to domesticate lithium production. And what was interesting is this enormous deposit that's just sitting there ripe for development right before they were about to get environmental approvals or right after there was a lawsuit by people who wanted to protect the upper land grouse. It's seared in my mind that the upper land grouse of Nevada is the reason why we do not have domestic national security around lithium. And it's possible because you have these environmental nonprofits that can go and
create this chaos with absolutely no risk to them. And it should not be the case that six people can slow down a hundred billion dollar investment package.
