Current:Home > MarketsLawmakers in Norway make a deal opening up for deep sea mining in Arctic Ocean -FutureFinance
Lawmakers in Norway make a deal opening up for deep sea mining in Arctic Ocean
View
Date:2025-04-16 20:08:47
COPENHAGEN, Denmark (AP) — Norway’s minority center-left government and two large opposition parties made a deal Tuesday to open the Arctic Ocean to seabed mineral exploration despite warnings by environmental groups that it would threaten the biodiversity of the vulnerable ecosystems in the area.
Norway said in June it wanted to open parts of the Norwegian continental shelf for commercial deep sea mining in line with the country’s strategy to seek new economic opportunities and reduce its reliance on oil and gas.
“This is a disaster for the sea,” said Frode Pleym, head of the local chapter of Greenpeace. “Norway is now allowing irreversible interventions in areas where nature is completely unknown.”
Martin Sveinssønn Melvær of the Norwegian Bellona environmental group said it was “completely contrary to scientific recommendations” and believes “it is a dangerous derailment in the fight against climate change to open up seabed minerals.”
The government – made up of the Labor and the Center Party – made the deal with the conservatives from Hoeyre and the Progress Party, Norwegian news agency NTB said.
It said they had agreed on a step-by-step opening process where the Norwegian parliament, or Stortinget, will approve the first development projects, in the same way as it has done for certain extraction projects in the petroleum sector.
The Scandinavian country, which is one of the world’s wealthiest countries due to its vast oil and gas reserves, says there are significant mineral resources on the seabed of the Norwegian continental shelf.
According to the Norwegian Petroleum Directorate, there are sulphides and manganese crusts containing metals and minerals that are crucial for making batteries, wind turbines, PCs and mobile phones.
If proven to be profitable, and if extraction can be done sustainably, seabed mineral activities can strengthen the economy, including employment in Norway, while ensuring the supply of crucial metals for the world’s transition to sustainable energy, the Ministry of Petroleum and Energy said in June.
The planned area is located southwest of the Arctic island of Svalbard.
veryGood! (8)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Legendary Celtics announcer Mike Gorman signs off for the final time
- Man found guilty of murder in 2020 fatal shooting of Missouri officer
- Julia Fox gets real on 'OMG Fashun,' vaping, staying single post-Ye and loving her son
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Campaign to legalize sports betting in Missouri gets help from mascots to haul voter signatures
- China highway collapse sends cars plunging, leaving at least 48 dead, dozens injured
- Biden stops in Charlotte during his NC trip to meet families of fallen law enforcement officers
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- A committee finds a decayed and broken utility pole caused the largest wildfire in Texas history
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Biden stops in Charlotte during his NC trip to meet families of fallen law enforcement officers
- Global Citizen NOW urges investment in Sub-Saharan Africa and youth outreach
- Minnesota sports betting bill runs afoul of partisan rancor over state senator’s burglary arrest
- What to watch: O Jolie night
- The Daily Money: A month in a self-driving Tesla
- Proof Chris Hemsworth and Elsa Pataky's Cutest Family Moments Are Always in Fashion
- New Mexico mother accused of allowing her 5-year-old son to slowly starve to death
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Biden says order must prevail on college campuses, but National Guard should not intervene in protests
Birders aflutter over rare blue rock thrush: Is the sighting confirmed? Was there another?
Michael Cohen hasn’t taken the stand in Trump’s hush money trial. But jurors are hearing his words
Average rate on 30
Ohio launches effort to clean up voter rolls ahead of November’s presidential election
Gangs in Haiti launch fresh attacks, days after a new prime minister is announced
Sixers purchase, plan to give away Game 6 tickets to keep Knicks fans out