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🇵🇦 Panama just stumbled into the oildebt.ca problem, but with copper.
⛏️ Profits leave today.
☠️ The physical liability stays for decades.
💸 Then somebody gets the cleanup bill.
Panama's proposed inversion is fascinating:
Make the remaining resource finance its own extinction.
Extraction → closure fund → remediation → shrinking footprint → closure.
Oil debt. Ore debt. Tailings debt. Orphan-well debt.
Different commodity. Same 🍁 accounting architecture.