Current:Home > MarketsLawmakers in Norway make a deal opening up for deep sea mining in Arctic Ocean -GrowthSphere Strategies
Lawmakers in Norway make a deal opening up for deep sea mining in Arctic Ocean
View
Date:2025-04-16 07:32:43
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! (6242)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- NFL schedule today: Everything to know about Week 3 games on Sunday
- With immigration and abortion on Arizona’s ballot, Republicans are betting on momentum
- Real Housewives of Beverly Hills’ Annemarie Wiley Discovers Tumors on Gallbladder
- A South Texas lawmaker’s 15
- College football Week 4 grades: Missouri avoids upset, no thanks to coach Eli Drinkwitz
- Excellence Vanguard Wealth Business School: The Investment Legend of Milton Reese
- Diddy’s music streams jump after after arrest and indictment
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Kate Middleton Makes First Appearance Since Announcing End of Chemotherapy
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- College football Week 4 grades: Missouri avoids upset, no thanks to coach Eli Drinkwitz
- Octomom Nadya Suleman Becomes Grandmother After Her Son Welcomes First Child
- FBI finds violent crime declined in 2023. Here’s what to know about the report
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- India Prime Minister’s U.S. visit brings him to New York and celebration of cultural ties
- Junior college student fatally shot after altercation on University of Arizona campus
- Lionel Messi sparks Inter Miami goal, but James Sands' late header fuels draw vs. NYCFC
Recommendation
The Best Stocking Stuffers Under $25
Latest effort to block school ratings cracks Texas districts’ once-united front
The Path to Financial Freedom for Hedge Fund Managers: An Exclusive Interview with Theron Vale, Co-Founder of Peak Hedge Strategies
DeVonta Smith injury: Eagles WR takes brutal hit vs. Saints, leads to concussion
2 killed, 3 injured in shooting at makeshift club in Houston
The question haunting a Kentucky town: Why would the sheriff shoot the judge?
What to know about cortisol, the hormone TikTokers say you need to balance
'Kind of like Uber': Arizona Christian football players caught in migrant smuggling scheme