A top U.N. regulator said Friday that mining of the world’s ocean floors should not move forward without rules in place, but that his agency cannot stop companies from trying to move ahead if countries can’t agree on a framework. Michael Lodge, secretary-general of the International Seabed Authority, told reporters at a news conference that...
The undertaking is proving not to be financially or environmentally viable. Deep-sea mining could cause up to 25-times more damage to the world’s biodiversity than land-based mining, resulting in $500bn of lost value, according to a new study published on Thursday. Many of the critical minerals needed in the production of electric vehicles (EV) can...