"If the huge scale of the environmental challenges facing us is to be addressed, environmental taxes and fiscal incentives will need to play a far larger part that they currently do, " add the MPs.
Rather than wrestle with the challenges of economic incentives and sensible environmental solutions to U.S. mining, we choose to wring our hands about strategic dependence.
The good news is that entrepreneurial energy can help to remedy some environmental harms (and not just with masks and bottled water) if the incentives are drawn right.
"Future environmental and economic success will be determined by sustained investment in new technology, research and development, infrastructure and consumer incentives, " said SMMT's chief executive, Paul Everitt.