Vision gnR is a company of modern philosophy. We recognize that by dealing with natural resources, a highly scarce and finite resources, we have a particular responsibility not only with respect to our shareholders, employees, and communities, but also with respect to the future generations. We believe that the current business of natural resources is very much short sighted, and where possible we aim to correct these externalities. In addition a very important part of our Environmental Policy is our concern about global warming, a phenomenon that is potentially catastrophic to our civilization, and where as we accept that number of processes are natural, we believe that human beings are smart enough to realise that they can make an impact at correcting not only their own mistakes, but also that of nature. This correction is called progress.
Specific Corporate Policies
Our company uses latest technologies to communiate, saving on needless transportation costs and printing. Our management and geological committes are conducted via online technologies, and where possible we are paperless. We regularly monitor our carbon footprint at the Exploration House level and at the specific project level.
We promote highly environmentally friendly policies such as utilisation of Hydroelectricty and Geothermal electricity, which is continuously produced anyway, and it is our responsibility to utilise it. We promote rational solutions to the localisations of electricity intensive industries such as Aluminium smelting and textiles.
Our projects are analysed not only in terms of their financial benefits, but also in terms of their relative environmental impacts, and albeit we recognise that some industries will naturally be environmentally detremental, our strategy is to ensure that the ones we are active in are relatively to their industry peers less detrimental than others.
We do not invest in
Solar Panels: our view is that solar panels in the current technology are highly inefficient, being made possible only by government subsidies. The long term effect of this is that we are using highly scare silicon to produce highly inefficient solar panels. The situtation is further made complex by the near development of ultra-thin photovoltaics, which will do the same job but with upto 90% less silicon use. Indeed ultra think photovoltaics, that will be so think that they will be transparent and will be used on windows, are often cited to be a core technology behind "free electricity", and it will be a shame to realise that silicon has been already wasted on highly inefficient panels already.
On shore wind energy: while this is less damaging than solar panels, the expectations from its benefits are unrealistic. Indeed if all the land on earth was to be covered with Wind Turbines, we would still only produce 20% of current electricity demand. The costs of production of this electricity is also significantly higher than that of other technologies such as hydroelectricity (20 cents per kW for wind, vs 4 cents per kW for hydro).
Research & Development
Our research departments are not only aimed at ensuring that we maximise returns on our investment by having superior technology to our competitors, what in essence will allow us to be more efficient in the exploration processes, but it is above all designed to lead the way in breakthrough technologies. Our focus is on the following areas:
Biotechnology: we promote biotechnology, as it enables much better utilisation of resources. Biotechnology is a cure for global population growth, for famines, and we are proud to be associated with some leading development centers in the world.
Alternative Energy: our focus is on economically efficient technologies, that are energy positive, vs energy negative (cost more to produce than the savings). These include ultra think photovoltaics that once made mainstream have potential to revolutionise the world energy supply. In addition sea currents offer potentially a significant source of electricity, almost of hydroelectric potential. With advances in metallurgy the wind energy might also offer an interesting opportunity, albeit the key focus should be on offshore plantations.
Energy Transmission: depending on country 30 - 50% of energy produced is lost in the grid. While there are already many technologies that enable much more efficient transmission grids (such as use of 1,200kv for long distance transmission), there are also many new technologies in the making, both in terms of further improvements in short distance and very long distance transmission, as well as in terms of management of daily and seasonal consumption variations.
Hydroelectricity: one of the most efficient, almost perpetual source of electricity is key to the continuous development of our planet. Once build, the benefits of the dam are very long run, if not perpetual. By combining latest information on rainfal, and reservoir, as well as optimising the construction, we are able to ensure that this production process is made once but very efficiently. In addition the developments from the Energy Transmission technologies enable much better utilisation of the Hydroelectric sites, that are often located in sparesly populted montenous regions, or equater based rainforest rivers. At worst we believe that the location of the energy intensive industries such as Aluminium smelting should be located in the close proximity of the hydroelectric sources of electricity. Number of our Special Projects focus on this theme.
Policies for which we Lobby
Vision gnR lobbies and will lobby for the following policies to be implemented by the governments:
1. stop to subsidies to solar panels
2. promotion of greater consumption of vegetables vs meet, via incentive mechanism via taxation and subsidies (to be cost neutral!). To consume beef it is 50 times less protein efficient than to consume beans, and it is ironic that obesity is an increasing problem in many cultures, while many people are hungry or outpriced of the food market. There is also a very significant economic benefit of decreased meet consumption, both from decreased CO2 emissions, and from freeing up land to enable cultivation of oil rich crops that provide a good and renewable substitute for the depleting oil reserves. Indeed the problem of rise in agricultural commodities, that albeit is of benefit to us as to the company, could easily be corrected via government policy.
3. ban on aluminum that is smelted by use of oil or coal (Dubai, Bahrain, Australia)
4. legislation on compulsary use of energy efficient lighbulbs
5. increasing marginal cost of electricity and gas for domestic use - incentivising people to save electricity and gas, by installing efficient heating panels and electrical equipment. It is not a responsibility of governments to provide financing for use of heating technologies, but it is the responsibility of individuals and they should be incentivised to do this.
6. enforced scrapping of metal, either now, or if economically not efficient, than at least preparation of scrap yards for the utilisation of metals in the future
7. enforced use of gas fumes from oil rigs that currently are being simply pointlessly burned into the atmosphere
8. multinational approach to the issue of opean sea fishing, not only for the benefit of the endengered species - which frankly globally worries us less, but above all as it is utterly incentivising to fish while there is still fish around, and it is natural that with overfishing, the stocks will one day simply be fully depleted.
9. promotion of local solutions, including consumption of locally grown food, working close to home (ideally technology permitting even from home), informatisation of government offices, tax offices. Promotion of smart and efficient public transport.
10. further gradual increase in tax on oil, howerver IMPORTANTLY not to provide government with general funding, but to promote development of renewable and efficient technologies. The problem with Oil consumption is that due high energy cofficient of Oil, some activities such as aircraft travel will need to continue to operate on oil, even if the cars can be run on other forms of fuel
Anyone who is interested in the issues of the environment is further encouraged to visit the following webpages: