Latest News

6 July, 2021


Greenpeace USA, the Deep Sea Conservation Coalition (DSCC), and Global Witness have sent a letter to the U.S. Securities and Exchange Commission (SEC) calling into question deep-sea mining company DeepGreen’s environmental impact and feasibility statements ahead of the company’s attempt to go public. The letter states that DeepGreen — which recently agreed to go public through a merger with Sustainable Opportunities Acquisition Corporation (SOAC) —  has not credibly represented how it will manage the risk of untested mining of the deep ocean floor, which threatens to mislead the investing public around the profitability of the company.

Continue reading Letter to SEC states deep-sea mining company has misled investors ahead of going public

30 June, 2021

SourceThe Guardian
Author: Kate Lyons

Triggering the so-called “two-year rule”, which some have called the nuclear option, the International Seabed Authority (ISA) now has two years to finalise regulations governing the controversial industry.

Jessica Desmond, Oceans campaigner for Greenpeace Aotearoa, said:

“We are currently in the middle of a climate and biodiversity crisis, we know that deep sea ecosystems are some of the most important ecosystems on the planet and we are seeing this relentless and reckless push to mine these areas, despite the fact that scientists are very clearly warning us that the outcomes could be disastrous.”

Read the article in full here.

29 June, 2021

Source: RNJ
Author: Johnny Blades

Speculation continues to grow that Nauru are intending this week to ask the International Seabed Authority (ISA) to fast-track the adoption of seabed mining regulations.

The regulations are still under consultation but Nauru’s request would invoke a so-called ‘two-year rule’ and compel the ISA to allow seabed mining to go ahead within two years, effectively setting a deadline for the body to finalise the mining regulations.

The Pacific Liaison for the Deep Sea Conservation Coalition, a grouping of over 90 organizations worldwide, Phil McCabe, said triggering a ‘race to the bottom’ could prove disastrous for the world’s oceans.

“Any responsible government would not just stand by and allow this to occur. We’ve got this track record in New Zealand of assessing this activity, and it’s come up failing.

“We know we can’t do this without causing serious harm. So our government, I feel, has a responsibility to step up and really challenge this move.”

Read the full article here.

29 June, 2021

Source: Reuters
Author: Helen Reid, Jeff Lewis

The government of Nauru plans to ask the International Seabed Authority (ISA) to fast-track the adoption of seabed mining regulations, a source with direct knowledge told Reuters on Friday, in a sign of growing pressure to launch the controversial new industry.

The so-called “two-year rule” would compel the ISA to allow seabed mining to go ahead within two years, effectively setting a deadline for the body to finalize mining regulations.

Read the full article here.

29 June, 2021

Following the news that the emerging deep-sea mining industry could of be fast tracked this week, WWF have highlighted their concerns and warned of the potential ramifications of this latest development.

Jessica Battle, leader of WWF’s No Deep Seabed Mining Initiative highlighted that:

“One of many concerns is the impact upon coastal communities, particularly in the Pacific, as deep seabed mining would likely cause massive sediment plumes that could affect crucial tuna and other fish stocks, thus further destabilizing livelihoods for hundreds of thousands of ocean dependent people and communities. “

Read the statement in full here.

25 June, 2021

SourceFinancial Times
Author: Henry Sanderson

Momentum continues to build for a moratorium on deep-sea mining.

At the time of writing, 317 marine science & policy experts from 44 countries have signed a statement, warning that if the destructive industry were to go ahead, it would result in a loss of biodiversity and ecosystem functioning that would be irreversible on multi-generational timescales.

The Financial Times’ Henry Sanderson explores the risks associated with the industry and why the chorus of voices calling for a pause continues to grow.

Read the article here.

25 June, 2021

Deep-sea mining is out of step with the direction the world is taking as leaders across both public and private sectors seek nature-based solutions to the climate and biodiversity crises. Set within a circular economic model, this approach is in line with the United Nations (UN) Sustainable Development Goal (SDG) 12 – to ensure responsible consumption and production – and the UN’s designated decades of ocean science and habitat restoration.

Deep-sea mining prospectors claim we have no choice but to open the ocean to mining in order to power the green shift. This is because the minerals they are targeting – manganese, cobalt and nickel – are used to build batteries for renewable technologies. However, alternatives to deep-sea mining are within reach providing we continue to invest in three main areas: innovation in battery technology; increased reuse and recycling capacities; and the continued extraction of metals from terrestrial sources under greatly improved environmental and social governance (ESG) frameworks. As DeepGreen subsidiary, Tonga Offshore Minerals Ltd, states: “It is true that there are enough metal-bearing deposits on land to meet the needs of the clean energy transition”.

Find out more about why we don’t need this destructive industry here.

25 June, 2021

300 marine scientists from across the world are calling for a pause to the emerging, destructive deep-sea mining industry.

Scientists warn that deep-sea mining would result in “the loss of biodiversity and ecosystem functioning that would be irreversible on multi-generational timescales.”

Read the full statement here.

25 June, 2021

Source: The Wall Street Journal
Authors: Justin Scheck, Eliot Brown and Ben Foldy

The Wall Street Journal this week shone a light on the threats posed by the emerging deep-sea mining industry and the risks the industry poses to potential investors. The article also highlighted that:

“In a regulatory filing Wednesday, TMC added a new risk factor that warned the environmental impact of its mining techniques on sea-floor life “could potentially be more significant than currently expected” and require further study.”

Read the story here