Thursday, February 27th, 2025
Thea Riofrancos, Associate Professor of Political Science, Providence College
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Will green capitalism save us from the climate crisis? “Clean” technologies and renewable energy are certainly growing sites of capitalist investment, with government policies playing a key role in making these sectors profitable. But the supply chains that produce the technologies pose vexing dilemmas for the energy transition. These dilemmas are most dramatic at the extractive frontiers of green capitalism: where the natural resources needed to manufacture electric vehicles and build windmills are extracted.
Is mining for the energy transition simply greenwashed extractivism? In this talk, we will explore the deep historical relationship between capitalism and extractivism, while also confronting the novel social struggles and elite strategies that are shaping energy transition mining. Global North governments and downstream firms scramble to “secure” lithium, resulting in a new state-corporate alliance and the return of vertical integration. Meanwhile, environmental and Indigenous movements contest the rapid expansion of extraction, defending ecosystems, livelihoods, and waterways already under pressure from global warming from a new boom in mining. It is in the play of these forces, unfolding amidst geopolitical rivalry and economic turbulence, that the energy transition will be forged. To conclude, we will explore the possibility of a less mining-intensive pathway to zero carbon transportation, and the coalitions for supply chain justice that could make this aspiration a political reality.
Thea Riofrancos is an Associate Professor of Political Science at Providence College, a Strategic Co-Director of the Climate and Community Institute, and a fellow at the Transnational Institute. Her research focuses on resource extraction, renewable energy, climate change, the global lithium sector, green technologies, social movements, and the Latin American left. She is the author of Extraction: The Frontiers of Green Capitalism (W.W. Norton, forthcoming September 2025) and Resource Radicals: From Petro-Nationalism to Post-Extractivism in Ecuador (Duke University Press, 2020), and the coauthor of A Planet to Win: Why We Need a Green New Deal (Verso Books, 2019).
