Current:Home > MarketsLawmakers in Norway make a deal opening up for deep sea mining in Arctic Ocean -Thrive Money Mindset
Lawmakers in Norway make a deal opening up for deep sea mining in Arctic Ocean
View
Date:2025-04-16 22:51:08
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! (8789)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- A skier disappeared nearly a month ago at Mt. Rainier. Park rangers make tragic discovery.
- Democrats are forcing a vote on women’s right to IVF in an election-year push on reproductive care
- Future of Elon Musk and Tesla are on the line as shareholders vote on massive pay package
- Sonya Massey's father decries possible release of former deputy charged with her death
- Hailey Bieber's Update About Her Latest Pregnancy Struggle Is So Relatable
- Iowa defends immigration law that allows local officials to arrest people told to leave US
- Vermont State Police say a trooper shot and killed man in a struggle over a sawed-off shotgun
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Widespread outage hits Puerto Rico as customers demand ouster of private electric company
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Catherine Laga'aia cast as lead in live-action 'Moana': 'I'm really excited'
- Federal judge who presided over R. Kelly trial dead at 87 after battling lung cancer
- UEFA Euro 2024 odds: Who are favorites to win European soccer championship?
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Travis Kelce Teases His Next Career Move After He Retires From the NFL
- Video shows National Guard officers enter home minutes before 4 women and 2 children were killed in Mexico
- These Gap Styles Look Much More Expensive Than They Are and They're All Discounted Right Now
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
USMNT earns draw vs. Brazil in Copa America tune-up match; Christian Pulisic scores goal
Get 50% Off J.Crew, Free First Aid Beauty Jumbo Products, 60% Off West Elm & More Deals
Prosecutors in Georgia election case against Trump seek to keep Willis on the case
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Fire in Kuwait kills more than 35 people in building housing foreign workers
Stock market today: Asia shares rise amid Bank of Japan focus after the Fed stands pat
16 Handles Frozen Yogurt Founder Solomon Choi Dead at 44