logo
Deep-Sea Mining: The Battle Over Earth's Last Frontier

Deep-Sea Mining: The Battle Over Earth's Last Frontier

Yahoo08-04-2025
The Wild West is alive and well — it just moved underwater. As nations and companies race to stake their claim in the deep sea, industry is moving faster than regulation can keep up.
This year, the fight over deep-sea mining hit a critical turning point. In March, global negotiations at the International Seabed Authority (ISA) took center stage, only to be followed by a shocking move from The Metals Company (TMC), a Canadian firm, which is attempting to sidestep international law altogether.
So, what is deep-sea mining, why is it such a big topic, and what does this mean for the planet's future? Here's everything you need to know.
As demand for electric vehicle battery minerals like cobalt and nickel rises, the seafloor offers a potential source — potato-shaped rocks rich in these essential metals.
Companies like TMC argue that harvesting them is less destructive than land mining and that it's urgent for the renewable energy transition. But the reality isn't so simple.
Unlike land ecosystems, deep-sea habitats could take millennia to recover — if they ever do. Scientists warn of the deep sea's potential role in climate regulation, oxygen production, and biodiversity. Mining the seabed could cause irreversible damage to fragile ecosystems we're only beginning to understand.
Even if deep-sea mining started today, it would take decades to compete with land supply. Meanwhile, battery technology is already moving away from cobalt and nickel and toward alternatives like lithium iron phosphate, which don't use deep-sea metals. With better recycling and continued innovation, we may never even need deep-sea mining.
The International Seabed Authority (ISA) was established under the United Nations Convention on the Law of the Sea (UNCLOS) in 1994 to regulate international waters and ensure that the seabed is managed as the 'common heritage of humankind.' The ISA comprises 169 member countries, but the U.S. never ratified UNCLOS and therefore doesn't recognize the ISA's authority (this will be important later).
For years, TMC has been pressuring the ISA to draw up deep-sea regulations so they can start mining, but the rules are still incomplete. How can we draft regulations for an ecosystem we know so little about?
Frustrated and losing investors, TMC took to a more aggressive tactic, announcing it would apply for a license to mine in June 2025, with or without regulations. If successful, this could open the doors to large-scale industrialization of the deep sea.
At the March 2025 ISA meeting in Jamaica, negotiations were shifting toward a more science-driven, precautionary approach. But as opposition to mining grew, a desperate TMC announced plans to apply for an exploitation license in the U.S., taking advantage of outdated mining laws. These laws — written before UNCLOS and the ISA even existed — ignore international governance and decades of science.
This move shocked the world. By bypassing the ISA, TMC is disregarding international law, setting the stage for a 'Wild West' approach to ocean exploitation. Rumors are circulating that President Donald Trump plans to sign an executive order to open U.S. waters to deep-sea mining as well. The fear is that other major powers, like China and Russia, will follow suit, further undermining international governance.
Because the U.S. is not a member of the ISA, it can legally issue a mining license to TMC under its own laws, regardless of what the ISA decides. However, this doesn't mean the fight is lost. The rest of the world can still ban deep-sea mining. Other countries, consumers, and corporations can reject deep-sea minerals, making it difficult for TMC to find buyers. Pacific nations can make mining a logistical nightmare, refusing to let vessels refuel or dock. The goal now is to make mining the deep sea so unprofitable that it collapses under its own weight before it even begins.
SeaLegacy has teamed up with Sustainable Ocean Alliance (SOA), supporting their campaign for a global moratorium on deep-sea mining and ensuring that young people — those who will inherit the consequences of today's decisions — are heard in the halls of power.
Eugénia Barroca, SOA's regional representative for Europe and Lusophony, attended the ISA meeting in March. She recounted her eye-opening experience: 'While deep-sea mining poses an irreversible threat to marine ecosystems, concerns are growing that industry interests could be placed above science and equity.'
But despite pressure from TMC to move forward, global resistance is building. More nations are advocating for a precautionary pause or moratorium. 'It has been encouraging to see a strong coalition of states standing up for the ocean,' Eugénia said. 'Meanwhile, youth and civil society continue to play a vital role in safeguarding our planet's last untouched frontier.'
The next ISA meeting in July 2025 will be pivotal in determining how the world reacts to TMC's disregard for international law. SeaLegacy will be attending with SOA, standing up for the future of our oceans. This isn't just about deep-sea mining — it's about whether a handful of billionaires get to dictate the planet's future.Stay in the loop by following us and SOA on Instagram for real-time updates. If you'd like to learn more, sign up for SOA's free course on deep-sea mining and watch the Deep Rising documentary!
Paul Nicklen and Cristina Mittermeier co-founded SeaLegacy in 2014. SeaLegacy's mission is to inspire people to fall in love with the ocean, amplify a network of changemakers around the world, and catalyze hands-on diplomacy through hopeful, world-class visual storytelling. For more updates on their meaningful work, learn more about SeaLegacy, and subscribe to Ripple Effect, Katie Couric Media's sustainability newsletter.
The post Deep-Sea Mining: The Battle Over Earth's Last Frontier appeared first on Katie Couric Media.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

B.C.‘s independent wood manufacturers decry retroactive U.S. softwood duties
B.C.‘s independent wood manufacturers decry retroactive U.S. softwood duties

Hamilton Spectator

time3 hours ago

  • Hamilton Spectator

B.C.‘s independent wood manufacturers decry retroactive U.S. softwood duties

VANCOUVER - British Columbia's independent wood product makers say hundreds of small- and medium-sized manufacturers may be forced to shut down in light of the latest decision from the United States to raise anti-dumping duties on Canadian softwood. The province's Independent Wood Processors Association says in a release that the U.S. Commerce Department's decision this week to raise duties also includes a requirement for Canadian companies to retroactively remit duties for products shipped to the United States since Jan.1, 2023. Association chair Andy Rielly says in a statement that the requirement to pay duties on products shipped in the last 31 months could not only force small B.C. producers to shut down, but may also threaten operators' personal assets as they may have to risk using their homes as collateral to secure bonds to pay. Rielly is urging the Canadian government to create support programs to make sure B.C.'s independent wood processors can keep workers employed and their companies running. The U.S. Commerce Department said earlier in the week it will raise anti-dumping duties on Canadian softwood to 20.56 per cent, drawing the ire of several B.C. industry groups such as the B.C. Council of Forest Industries and the B.C. Lumber Trade Council. The Independent Wood Processors Association says the the 'all-others' rate affecting its members will be raised from 14.4 per cent to 27.3 per cent, with the possibly of another increase 'in the coming weeks' potentially pushing the duties for their products to as high as 35 per cent. 'Until the Canadian government can negotiate a settlement to this long-festering dispute, we need a government support program to keep our workers employed,' Rielly says, adding an overall duty of 35-per-cent would force members to pay retroactive duties of 27 per cent on products already shipped. Association executive director Brian Menzies describes independent wood product producers as 'collateral damage' in the trade war, and says the only hope they have of avoiding the hit is either 'a favourable appeal from the Canada-US-Mexico Agreement' or 'pursuing a bilateral negotiated resolution.' 'We should not face export taxes or quotas,' Menzies says. 'Our raw materials are not subsidized, and we are too small to 'dump' our products in the U.S. market. 'We acquire logs and lumber at 'arm's length' from various suppliers on the open market, just like claims made by members of the U.S. Lumber Coalition, and yet our Canadian companies along with U.S. consumers must pay these unfair and costly duties.' Prime Minister Mark Carney had previously said that a future U.S.-Canada trade deal could include softwood lumber quotas. This report by The Canadian Press was first published July 26, 2025.

VP of Rated Viral, Saan Basha, Now Worth $3.9M: The Canadian Entrepreneur Behind One of the Fastest Growing Review Platforms
VP of Rated Viral, Saan Basha, Now Worth $3.9M: The Canadian Entrepreneur Behind One of the Fastest Growing Review Platforms

Time Business News

time3 hours ago

  • Time Business News

VP of Rated Viral, Saan Basha, Now Worth $3.9M: The Canadian Entrepreneur Behind One of the Fastest Growing Review Platforms

Canadian businessman Saan Basha has become one of the most talked-about names in digital media. As Vice President and founder of Rated Viral, Basha turned his early success on social media into a fast-growing review and marketing platform that connects people with trending businesses, products, and creators. Today, his estimated net worth has climbed to $3.9 million, and his company is becoming a go-to source for brand discovery in the digital age. But behind the numbers is a story of vision, hard work, and giving back. From Social Media to Starting a Business Before launching Rated Viral, Basha was known for creating viral videos on Vine — the short-form video platform that once dominated the internet. When Vine shut down, Basha saw it not as a setback, but as an opportunity. Q: What made you want to start Rated Viral? Saan Basha: 'I realized people were always looking for what's trending — not just entertainment, but places to eat, products to try, even influencers to follow. I wanted to create a platform that brought all that together in one place, and also helped businesses and creators grow.' What Rated Viral Does Rated Viral allows users to discover trending local businesses, viral products, and rising creators — all powered by community feedback and digital insights. The platform has quickly gained attention for its fresh approach, and now works closely with brands and influencers to build their online presence. Q: What's different about Rated Viral compared to other platforms? Saan Basha: 'We speak the language of the new generation. Our team understands creators and digital culture. We help people find what's hot right now, but we also support the people behind the brand — whether it's a small business owner or a content creator just getting started.' Helping Creators Succeed In addition to running Rated Viral, Basha manages and mentors creators across TikTok, YouTube, and Instagram. He helps them grow their platforms, sign brand deals, and build long-term careers. One of the creators he works with said, 'Saan doesn't just give advice — he builds with you. He's someone who wants to see you win, and he shows up every time.' Giving Back to the Community Basha is also known for his generosity. He regularly donates to animal shelters, supports local causes, and uses his platform to bring attention to important issues. Q: Why is giving back important to you? Saan Basha: 'I've always believed that success means nothing if you're not using it to help others. Whether it's animals in need or people trying to get their business off the ground — if I'm in a position to help, I will.' What's Next for Saan Basha? Rated Viral continues to grow, with new users, partnerships, and creators joining the platform every week. Basha says he's focused on improving the platform, building more tools for creators and small businesses, and expanding internationally. Q: Where do you see Rated Viral in the next few years? Saan Basha: 'I see it becoming one of the top platforms people go to when they want to find something new, honest, and worth their time — whether that's a business, a product, or a creator. We're just getting started.' Final Thoughts Saan Basha's journey from internet comedy to business leadership is a reminder that with the right mindset and purpose, anything is possible. He's building more than just a platform — he's building a community that uplifts, supports, and inspires. In a digital world full of noise, Saan Basha stands out for his vision, heart, and commitment to making a real difference. Facebook: Instagram: Snapchat: @saanbasha Tiktok: TIME BUSINESS NEWS

How much should a 40-year-old invest in an ISA to earn a monthly passive income of £1,000
How much should a 40-year-old invest in an ISA to earn a monthly passive income of £1,000

Yahoo

time3 hours ago

  • Yahoo

How much should a 40-year-old invest in an ISA to earn a monthly passive income of £1,000

One of my favourite ways to target future passive income is by investing in shares. More specifically, investors can make use of tax wrappers like a Stocks and Shares ISA, or SIPP, to achieve future income. Within these, it's possible to own a range of managed funds, exchanged-traded funds (ETFs), or individual shares. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions. Targeting £1,000 of monthly passive income If an investor wanted to target a £1,000 monthly income, that equates to £12,000 a year. A commonly used withdrawal rate of 4% means that this investor would need a pot worth £300,000. That might sound like a chunky sum to save, but when broken down over many years, it's far more manageable. For instance, I calculate that a 40-year-old would just need to invest £500 a month over 20 years to build such a pot. Some eagle-eyed readers might note that this just adds up to a total investment of £120,000. That's because I'd expect the remaining £180,000 to appear from investment gains over time. The assumption here is that it grows by 8% a year. And given long-term investment returns have been around 8%-10%, I think that's a reasonable assumption to make. Of course, by targeting greater returns (and accepting greater risk), an investor could reach their goal far quicker. One way that I aim to do that is by selecting individual shares and holding them for many years. Rewards from long-term investing One such FTSE 100 share that I've owned for several years is Games Workshop (LSE:GAW). Its share price has soared by over 1,200% since I first bought it back in 2017. If an investor had spent £500 a month on just this share since then, they'd be sitting on a pot worth over £210,000 already. That's a phenomenal achievement in just eight years. It would also likely result in a much earlier passive income than planned. But there are a few things to bear in mind. First, I would never suggest that anyone invest everything in one stock! Second, Games Workshop wasn't large enough to be in the FTSE 100 back in 2017. It was a much smaller business. Smaller companies can often grow much faster than giant, mature businesses. As UK small-cap investor Jim Slater famously quipped, 'elephants can't gallop'. It also traded at a much lower price to earnings ratio. Today, it hovers around 30, but back in 2017 it traded as low as 10 times earnings. It's not as cheap as it used to be. Still a great business Looking ahead, I still consider Games Workshop to be a high-quality business with ample potential. It operates in a niche market that is difficult to replicate. That gives it a competitive advantage. In turn, it earns a chunky double-digit profit margin and an incredible 70% return on capital employed. In recent years it has partnered with Amazon to bring some of its vast character universe to movies and TV shows. And this licencing revenue has much more room to grow in my opinion. A long-term investor could consider this and similar prospects. And although much can go wrong with individual shares, by selecting a diversified group of 10-20 names, it would spread the risk. The post How much should a 40-year-old invest in an ISA to earn a monthly passive income of £1,000 appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool The Motley Fool UK has recommended Games Workshop Group Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Harshil Patel owns shares in Games Workshop. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store