The Extraction Gap

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ID: 328655
2026
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Abstract
Abstract This chapter explores the massive amounts of minerals and investments required for a resource-intensive green transition, the lag time between demand and supply, the resulting high level of or volatility of prices, as well as the geopolitical risks and dependencies that may result from the current concentration of mineral extraction and/or processing. It discusses the main reasons why a climate extractism path is being taken, arguing that it is not simply because renewables will reduce carbon emissions, but because the climate crisis constitutes both a threat and an opportunity for capitalism. It suggests that solving the climate crisis offers both an opportunity for societal transformation and poses a challenge to the affluent part of humanity most responsible for it. Climate extractivism thus allows, to a large extent, the maintenance (or reproduction) of structures of appropriation and domination, and their associated discursive strategies, with profits rather than costs for the already most-privileged classes. Climate extractivism thus risks reproducing inequities.
Reference Key
openalex_W7213457139 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Philippe Le Billon
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Journal Oxford University Press eBooks
Year 2026
DOI
10.1093/oso/9780197873434.003.0003
URL
https://doi.org/10.1093/oso/9780197873434.003.0003
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