Norway suspends controversial deep-sea mining plan

Norway suspends controversial deep-sea mining plan
Norway suspends controversial deep-sea mining plan

We show you our most important and recent visitors news details Norway suspends controversial deep-sea mining plan in the following article

Hind Al Soulia - Riyadh - OSLO — Norway has paused its controversial project to open up its seabed for commercial-scale deep-sea mining.

Oslo had planned to let companies apply to mine 280,000 sq km (108,000 sq miles) of its waters for precious metals -- an area bigger than the size of the UK.

The move was blocked after the country’s Socialist Left Party said it would not support the government’s budget unless it scrapped the first licensing round, set for 2025.

Environmental scientists had warned the move could be catastrophic for marine life, while the plans were opposed by 32 countries including France, Canada, Brazil and Germany.

Prime Minister Jonas Gahr Stoer called Sunday's development a “postponement” and said preparatory work on regulations and environmental impact would continue.

Greenpeace Norway's Haldis Tjeldflaat Helle said the pause was "a huge win".

"It has been truly embarrassing to watch Norway positioning itself as an ocean leader, while planning to give green light to ocean destruction in its own waters."

The country's energy ministry has not yet commented.

Norway became the first country in the world to move forward with commercial-scale deep-sea mining when it approved the plans in January.

The deep sea is home to minerals such as lithium, scandium and cobalt - which are critical for green technologies.

Although the metals are available on land, they are concentrated in a small number of countries, increasing the risk to supply.

Oslo said it did not want to rely on China for such materials, stressing it would only begin issuing licences once more environmental research was carried out.

The move put Norway at odds with the EU and the UK, which have called for a temporary ban on the practice due to concerns about environmental damage.

More than 100 EU lawmakers called on Oslo to reject the project, citing the risk "to marine biodiversity and the acceleration of climate change".

The country’s Institute of Marine Research criticised the government’s research into the move's environmental impact - saying five to 10 more years of work were needed.

The World Wide Fund for Nature (WWF) Norway said in a statement last week it was suing the government over the plans.

At least three Norwegian seabed mineral start-ups had said they would bid in the first licensing round.

On Monday, one of the start-ups -- Green Minerals -- said it expected a delay of up to a year following the plans' suspension. — BBC


These were the details of the news Norway suspends controversial deep-sea mining plan for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Iranian rapper freed after after death sentence overturned
NEXT Using clues from online sexual assault video, Thai cops rescue 10-year-old victim from month-long captivity on boat

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]