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Deep sea mining has got a green light to begin in the Pacific by 2023 after Nauru triggered a rule at the International Seabed Authority.
The Deep Sea Mining Campaign warns that if nodule mining is allowed to take place in the Pacific Ocean, species such as the Sperm Whale could be adversely affected.
Photo: WILLYAM
The UN-mandated Authority, tasked with regulating the seabed, has confirmed that today Nauru triggered a rule that would allow mining to commence within two years in its waters.
This comes before environmental regulations are in place at the ISA, and amid growing calls by scientists and Pacific civil society networks for a precautionary pause on the fledgling sector.
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A seabed mining startup, DeepGreen Metals Inc., has successfully sold itself to investors as a game-changing source of minerals to make electric car batteries that can be obtained in abundance and at great profit while minimizing the environmental destruction of mining on land.
But there’s strong scientific evidence that the seabed targeted for mining is in fact one of the most biodiverse places on the planet and increasing reason to worry about DeepGreen’s tantalizing promises. Bloomberg Green’s examination of corporate and legal filings, regulatory records and other documents raises questions about DeepGreen’s business plans. Previously undisclosed agreements with developing island states in the South Pacific show the company’s political and financial leverage over its partners, who are dependent on its expertise to exploit their seabed resources and obligated to ensure DeepGreen’s compliance with international environmental regulations.
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