Thu, Mar 06, 2014 - Page 9 News List

Marine mining unearths fears of oceanic catastrophe

Mining companies are vying to extract valuable metals and minerals from the sea bed, but many environmentalists warn that the deep oceans are such uncharted territory that any damage done to the marine life and food chains at those depths could be catastrophic

By Suzanne Goldenberg  /  The Guardian

As the ultimate custodian, Lodge said that the International Seabed Authority had two responsibilities: making sure that companies access that vast mineral wealth in an environmentally responsible way and share it out equitably.

“We have a huge challenge to devise a fiscal regime so that humankind as a whole gets a fair share. That’s an enormous challenge,” he said. “If we end up giving it away to industry, then we have failed in our missions.”

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