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Time of India
2 hours ago
- Time of India
Deep-Sea Mining: Deep-sea mining negotiators to meet under Donald Trump shadow
UNITED NATIONS: The International Seabed Authority (ISA) meets next week to continue debating rules for ocean floor mining in international waters, after the United States moved to unilaterally kick-start the controversial industry. Tired of too many ads? go ad free now The Jamaica-based body, created by the UN Convention on the Law of the Sea, has been working for over a decade on rules governing mineral extraction on the high seas. Nations are divided over the desire to exploit the ocean depths for nodules rich in metals needed for electric vehicles and other emerging technologies -- and worries about disrupting, or possibly decimating, fragile ecosystems. The United States, which is not a signatory to the UN convention or an ISA member, disrupted the painstaking process this year when President Donald Trump issued an executive order calling for his government to speed up issuing permits for underwater mining, including in international waters. Canadian firm The Metals Company (TMC) jumped at the opportunity and in April filed the first US application for a deep-sea mining license, angering environmental groups and many nations. Against this backdrop, the ISA's 36-member executive council reconvenes Monday in Kingston for two more weeks of negotiations on a "mining code." "Our shared objective remains the completion of the negotiations" this year, Council President Duncan Muhumuza Laki wrote in a letter ahead of the meetings. The Ugandan diplomat said an additional session in the fall may be needed to meet a year-end deadline. Louise Casson of Greenpeace called the push to wrap up negotiations "both very unwise and unfeasible." Nations should not be "bullied" into rushing through rules after TMC's "incredibly controversial and rogue move," she told AFP. Leticia Carvalho, secretary-general of the full ISA, said that with the global body "on the cusp of finalizing" its rules, "it is imperative that we get it right." Tired of too many ads? go ad free now "When I speak of the need for timely action, this should in no way be interpreted as a call for rushed or unconsidered decisions," the Brazilian oceanographer told AFP in an e-mail. Moratorium Members are deeply divided over how to proceed, with a growing number calling for at least a temporary moratorium on deep-sea mining. French President Emmanuel Macron opened the UN Ocean conference last month in Nice saying it would be "madness to launch predatory economic action that will disrupt the deep seabed, disrupt biodiversity, destroy it and release irrecoverable carbon sinks -- when we know nothing about it." His country joined Chile, Costa Rica and Panama in a recent letter saying it is "clear" that the regulations "are not ready for adoption yet," and suggesting discussions on a new timeline. "We categorically disassociate ourselves from any suggestion or interpretation that the Council is bound, legally or politically, to adopt the regulations by the end of the year," the letter said. At the previous session in March, the ISA Council went through a debate on 55 of 107 proposed rules. Carvalho said, though some members "have expressed differing views on the desirability or timing of future mining activities, the overwhelming majority have remained committed to continuing the negotiations with good faith, diligence and unity, recognising the imperative of establishing a robust and science-based regulatory regime." A meeting of the full 169-member ISA is scheduled for July 21-25. The number of ISA members in favour of a precautionary pause to mining continues to grow -- from 12 in 2022 to 37 today, according to the NGO alliance Deep Sea Conservation Coalition -- but they are still far from the majority. At that meeting, Chile hopes to revive its bid to adopt "the protection and preservation of the marine environment" as a "general policy" for the body. The move is seen as a first step towards a moratorium.
Time of India
8 hours ago
- Time of India
NHL trade news: Edmonton Oilers land Andrew Mangiapane despite Maple Leafs push as Chris Johnston reveals surprise twist
On the opening day of NHL free agency, the Edmonton Oilers made a major splash by signing Andrew Mangiapane to a two-year deal worth $3.6 million annually. The forward, one of the top names on the market, was long expected to be heading to the Toronto Maple Leafs, especially following their trade of Mitch Marner to the Vegas Golden Knights. Tired of too many ads? go ad free now Chris Johnston reveals Maple Leafs' strong pursuit of Mangiapane According to NHL insider Chris Johnston on TSN's OverDrive, the Maple Leafs were genuinely in contention to sign Mangiapane. Several teams around the league reportedly believed Toronto was going to land the forward. It was not a case of indifference or a lack of effort on the part of general manager Brad Treliving. This wasn't just a routine free-agent miss for Toronto. Given the situation, losing out on Mangiapane to a fellow Canadian team adds a level of frustration. It emphasizes how competitive the free-agent market can be, especially when multiple teams see the same player as a priority. Andrew Mangiapane wary of pressure in Toronto market While the financial offer and team fit were undoubtedly factors, another element may have influenced Mangiapane's decision; his own reservations about playing in his hometown. Reports indicate the forward may have had concerns about the intense media attention and expectations that come with being a local player in Toronto. For the Maple Leafs, it's a missed opportunity at a time when they can't afford many. The front office is now expected to explore the trade market for a forward, but given the current landscape, that solution might not come until the regular season is underway. Maple Leafs must regroup after Mangiapane snub Toronto's failure to land Andrew Mangiapane leaves a noticeable gap in their forward lineup. With several top free agents already signed elsewhere, Brad Treliving's task becomes even tougher. The team needs firepower, and fast. Whether it's a blockbuster trade or a shrewd depth signing, Toronto has to act decisively. Otherwise, losing Mangiapane to a conference rival could become the story that defines their offseason. Also Read:
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First Post
9 hours ago
- First Post
Planning to study in Canada? You'll need to show Rs 14 lakh for living costs from September 2025
From September 2025, international students including those from India must show CAN $22,895 (₹14 lakh) in living expenses to study in Canada. The new rule, announced by IRCC aims to ensure students are financially self-sufficient. Proof of funds must also cover any dependents accompanying the student. read more Indian students heading to Canada for higher education will soon have to show proof of increased financial support. Starting September 1, 2025, Immigration, Refugees and Citizenship Canada (IRCC) will mandate that international students demonstrate they have at least CAN $22,895 (approximately ₹14 lakh) available to cover their annual living expenses—a rise of CAN $2,000 from the current requirement. The updated rule applies to all provinces and territories outside Quebec. The current threshold of CAN $20,635 will remain applicable only for study permit applications submitted before the September deadline. STORY CONTINUES BELOW THIS AD The revised financial requirement also scales up based on family size. For a two-person household, the proof-of-funds threshold is CAN $28,502, while three people will need CAN $35,040. A family of four must show CAN $42,543, and a household of five requires CAN $48,252. For six and seven members, the required funds jump to CAN $54,420 and CAN $60,589 respectively. Each additional dependent beyond that adds CAN $6,170 to the total requirement. What qualifies as proof of funds? To support their application, students must provide documentation that clearly demonstrates their ability to sustain themselves financially during their stay in Canada. Acceptable forms of proof include a Canadian bank account in the applicant's name (if funds have already been transferred), a Guaranteed Investment Certificate (GIC) from a participating Canadian bank, or proof of an education loan from a recognised bank. Applicants may also submit bank statements from the past four months, a bank draft that can be converted to Canadian dollars, a letter from a sponsor, either an individual or an educational institution, committing to cover the student's expenses or documentation of Canadian-based funding such as scholarships or paid educational programmes.
