Bloomberg Talks US Interior Secretary Doug Burgum Talks Offshore Wind, Energy Projects
Feb 11, 2026
Doug Burgum, U.S. Secretary of the Interior and former North Dakota governor focused on energy and critical minerals. He discusses Project Vault and a strategic reserve for crucial minerals. He argues for reviving domestic mining and refining and boosting dispatchable energy. He raises national security concerns about offshore wind and outlines plans to appeal court rulings stopping construction.
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Critical Minerals Need A Strategic Reserve
- The U.S. has no strategic reserve for critical minerals comparable to the SPR, creating vulnerability.
- Burgum describes Project Vault as a market-driven, private-sector funded reserve to secure 60 critical elements.
Use Price Floors To Attract Mining Capital
- Create international agreements with price floors to prevent Chinese dumping and attract investment.
- Use loans and equity to seed market-driven domestic mining and refining capacity.
Permitting Choked U.S. Mining Capacity
- Burgum argues America abandoned mining and allowed regulatory permitting to choke domestic production.
- He says rebuilding mining requires innovation and faster permitting to protect environment and supply chains.
