Norway says it desires to open components of the Norwegian continental shelf for industrial deep sea mining according to the nation’s technique to hunt new financial alternatives and cut back its reliance on the oil and fuel trade
HELSINKI — Norway stated Tuesday it desires to open components of the Norwegian continental shelf for industrial deep sea mining according to the nation’s technique to hunt new financial alternatives and cut back its reliance on the oil and fuel trade.
Terje Aasland, Norway’s minister for petroleum and vitality, stated in an announcement the nation wants minerals to assist transition to a extra inexperienced economic system. The Norwegian seabed is reportedly wealthy with minerals together with copper, zinc, manganese and cobalt.
“At present the sources are managed by just a few international locations, which makes us weak,” he stated.
However the Norwegian authorities’s plan is controversial and environmental teams are warning that mining the ocean mattress would threaten the biodiversity of the weak ecosystems within the space.
Louisa Casson, world challenge chief for Greenpeace’s Cease Deep Sea Mining marketing campaign, stated that “to forge forward and unleash deep sea mining within the Arctic could be felony.”
“Norway talks about main the world however they clearly didn’t get the memo of the rising opposition to this trade,” she stated in an announcement. “Corporations on the forefront of the inexperienced transition are already calling for a halt to this harmful trade, as are residents and governments from Europe to the Pacific.”
Norway, one of many world’s wealthiest international locations as a result of its huge oil and fuel reserves, has vital mineral sources on the seabed, and their extraction may change into “a brand new and necessary trade” for the nation, the petroleum and vitality ministry stated.
If confirmed to be worthwhile, and if extraction may be finished sustainably, seabed mineral actions can strengthen the economic system, together with employment in Norway, whereas guaranteeing the availability of essential metals for the world’s transition to sustainable vitality, the ministry added.
Norway’s transfer comes a month earlier than a gathering of the Worldwide Seabed Authority in Kingston, Jamaica, that can tackle the thorny problem of whether or not there ought to be industrial-scale extraction of helpful minerals from the depths of the ocean.