Citing climate change, France on Thursday called for an international ban on deep sea mining, upending negotiations by a UN-affiliated organization. Mining
Citing climate change, France on Thursday called for an international ban on deep sea mining, upending negotiations by a UN-affiliated organization to allow the exploitation of unique ocean ecosystems for valuable metals to begin within two years.
, a Canadian-registered seabed mining venture sponsored by Nauru, a tiny Pacific island nation. Nauru, like other ISA member states that sponsor mining contractors, would receive royalties from any seabed mining. At the time, the deep sea was widely considered a muddy, lifeless abyss, albeit one rich in cobalt, nickel and other metals potentially worth trillions of dollars. Scientists now believe the seabed set to be mined is among the most biodiverse places on the planet, with a role in the global climate that remains little understood.
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