Block (formerly Square)—Block CEO co-authored letter to EPA defending Bitcoin mining against environmental criticism from Congress
Block CEO Jack Dorsey co-authored a letter sent to the US Environmental Protection Agency defending Bitcoin mining and disputing claims about its environmental impact. This followed a 2021 Square/Ark Invest white paper titled 'Bitcoin Is Key to an Abundant, Clean Energy Future.' The letter responded to concerns raised by 23 members of Congress about Bitcoin mining polluting communities and contributing to greenhouse gas emissions. Environmental critics argued the claims were misleading, noting Bitcoin mining continues to rely heavily on fossil fuels.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Environmental Sustainability | -against | primary | -1.00 |
| Overall incident score = | -0.572 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.57)
Evidence (1 signal)
CoinDesk report on Dorsey and bitcoin investors' letter defending mining to EPA
CoinDesk reported that Jack Dorsey was among major bitcoin investors who authored a letter to the EPA defending bitcoin mining, responding to concerns from 23 members of Congress about environmental impacts.