WHY THE RUSH? - Seabed Mining in the Pacific Ocean
The Pacific Ocean is the scene of a new wild west. Companies and their investors, hungry for profits, are driving a speculative rush for seabed minerals. They are aided in this by donor government supported programs that promote the development of ‘responsible’ sea bed mining regulations. Globally, ocean ecosystems are under stress due to pollution, plastics, overfishing and climate change. The aspirations of sea bed mining companies will seriously compound these environmental stressors.