Current:Home > FinanceNegotiations over proposed regulations for deep-sea mining plod along as pressure mounts -ChatGPT
Negotiations over proposed regulations for deep-sea mining plod along as pressure mounts
View
Date:2025-04-17 21:00:57
SAN JUAN, Puerto Rico (AP) — Debate over proposed regulations for deep-sea mining will stretch into next year as a U.N. agency that presides over the international seabed concluded its last meeting of the year on Wednesday.
The ongoing debate has led to growing concerns that a company or country will be the first in the world to apply for an exploitation license before any regulatory framework is in place.
Juan José González, president of the International Seabed Authority’s council, told reporters that if an application is submitted, the council has an obligation to discuss it.
“We would prefer, of course, to have the regulations in place,” he said.
Michael Lodge, the agency’s secretary general, said the council expects to have a mining code draft by 2025.
However, a Canadian company whose subsidiary is widely expected to be the first to apply for a deep-sea mining license, said late last week that it expects to do so in mid-2024.
Corey McLachlan, with The Metals Company, noted that while any country or company now has the legal right to apply for such a license, “we are willing to give (the agency) that additional time and effort.”
The International Seabed Authority has issued more than 30 exploration licenses, but no exploitation ones.
The exploration is taking place in an area of 1.7 million square miles (4.5 million square kilometers) between Hawaii and Mexico at depths of up to 19,000 feet (6,000 meters).
Among those holding an exploration license is Nauru Ocean Resources, Inc., a subsidiary of The Metals Company. It is working with the government of Nauru, a small island in the Pacific, which has pushed for deep-sea mining.
Those seeking to launch deep-sea mining operations say they are meeting an increase in demand for metals including copper, nickel and cobalt used in clean energy technologies. They also argue it is cheaper than land mining and would have less of an environmental impact.
However, scientists and environmental activists have warned that such mining could unleash noise, light and smothering dust storms. They say not enough is known about the world’s deep seas, noting that less than 1% has been explored.
More than 20 countries have called for a moratorium or a ban, and companies including BMW and Samsung have promised to avoid using minerals mined from the ocean’s abyss.
The meeting that ended Wednesday followed nearly two weeks’ worth of negotiations on issues including inspection, enforcement, royalties, environmental concerns and financial terms of potential contracts.
“All countries may well have very different positions on all sorts of things, but all countries agree there should be no exploitation without regulation,” Lodge said.
____
Follow AP’s climate coverage at: https://apnews.com/hub/climate-and-environment
veryGood! (89178)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Why a 96-year-old judge was just banned from the bench for a year
- Anne Hathaway Gets Real About the Pressure to Snap Back After Having a Baby
- Minnesota approves giant solar energy project near Minneapolis
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Raiders' Chandler Jones placed on non-football injury list over 'personal issue,' per reports
- Appeals court takes up transgender health coverage case likely headed to Supreme Court
- Haiti’s government to oversee canal project that prompted Dominican Republic to close all borders
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Maryland apologizes to man wrongly convicted of murder, agrees to pay $340,000 settlement: Long overdue
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- In a first, Massachusetts to ban purchase of single-use plastic bottles by state agencies
- Tropical storm warnings issued on East Coast: What to expect
- New York attorney general sends cease-and-desist letter to group accused of voter intimidation
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Remembering Olympic gold medalist Florence 'Flo-Jo' Griffith Joyner
- 2 teens face murder charges for fatal Las Vegas hit-and-run captured on video, authorities say
- 96-year-old federal judge suspended from hearing cases after concerns about her fitness
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
Why a 96-year-old judge was just banned from the bench for a year
Shannen Doherty, battling cancer, gets emotional after standing ovation at Florida 90s Con
Trump says he always had autoworkers’ backs. Union leaders say his first-term record shows otherwise
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Lauren Groff's survivalist novel 'The Vaster Wilds' will test your endurance, too
Joe Jonas Breaks Silence on Sophie Turner's Misleading Lawsuit Over Their 2 Kids
Talking Heads reflect on 'Stop Making Sense,' say David Byrne 'wasn't so tyrannical'