The Fort Worth Press - Leaders warn race for minerals could turn seabed into 'wild west'

USD -
AED 3.672505
AFN 64.999617
ALL 81.873378
AMD 378.439629
ANG 1.79008
AOA 917.000017
ARS 1444.993898
AUD 1.424623
AWG 1.8025
AZN 1.698328
BAM 1.658498
BBD 2.01317
BDT 122.152876
BGN 1.67937
BHD 0.37697
BIF 2962.5
BMD 1
BND 1.270543
BOB 6.906845
BRL 5.239098
BSD 0.999546
BTN 90.307481
BWP 13.806116
BYN 2.86383
BYR 19600
BZD 2.010235
CAD 1.36445
CDF 2199.999975
CHF 0.776105
CLF 0.021794
CLP 860.539972
CNY 6.938197
CNH 6.93502
COP 3646.93
CRC 496.408795
CUC 1
CUP 26.5
CVE 93.750278
CZK 20.60345
DJF 177.720253
DKK 6.32319
DOP 63.000254
DZD 129.900254
EGP 47.009197
ERN 15
ETB 155.042675
EUR 0.846625
FJD 2.198801
FKP 0.732491
GBP 0.730199
GEL 2.695012
GGP 0.732491
GHS 10.944975
GIP 0.732491
GMD 73.000094
GNF 8753.999774
GTQ 7.666672
GYD 209.120397
HKD 7.813115
HNL 26.408086
HRK 6.376701
HTG 131.107644
HUF 322.478502
IDR 16766
ILS 3.082015
IMP 0.732491
INR 90.36925
IQD 1309.380459
IRR 42125.000158
ISK 122.749952
JEP 0.732491
JMD 156.640605
JOD 0.709028
JPY 155.879497
KES 129.000415
KGS 87.449822
KHR 4081.504905
KMF 417.999853
KPW 899.987247
KRW 1450.779878
KWD 0.30715
KYD 0.83298
KZT 501.119346
LAK 21499.832523
LBP 89508.041026
LKR 309.380459
LRD 185.911623
LSL 16.009531
LTL 2.95274
LVL 0.60489
LYD 6.319217
MAD 9.168716
MDL 16.926717
MGA 4429.877932
MKD 52.189044
MMK 2100.119929
MNT 3568.429082
MOP 8.04357
MRU 39.901294
MUR 45.890045
MVR 15.450054
MWK 1733.257012
MXN 17.245898
MYR 3.932499
MZN 63.750319
NAD 16.009531
NGN 1391.85959
NIO 36.785781
NOK 9.627875
NPR 144.492309
NZD 1.656195
OMR 0.384498
PAB 0.999521
PEN 3.364907
PGK 4.282347
PHP 59.040236
PKR 279.545138
PLN 3.57644
PYG 6631.277242
QAR 3.634567
RON 4.313702
RSD 99.384049
RUB 76.999691
RWF 1458.783824
SAR 3.750106
SBD 8.058101
SCR 13.748799
SDG 601.49205
SEK 8.90851
SGD 1.270205
SHP 0.750259
SLE 24.475005
SLL 20969.499267
SOS 570.272883
SRD 38.114499
STD 20697.981008
STN 20.775741
SVC 8.746163
SYP 11059.574895
SZL 16.015332
THB 31.639928
TJS 9.340767
TMT 3.51
TND 2.890372
TOP 2.40776
TRY 43.496603
TTD 6.770319
TWD 31.588801
TZS 2584.040204
UAH 43.256279
UGX 3563.251531
UYU 38.49872
UZS 12236.487289
VES 371.640565
VND 26002
VUV 119.537583
WST 2.726316
XAF 556.244594
XAG 0.011767
XAU 0.000201
XCD 2.70255
XCG 1.801384
XDR 0.691072
XOF 556.244594
XPF 101.131218
YER 238.374992
ZAR 15.96902
ZMK 9001.202602
ZMW 19.615608
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    -0.1400

    23.94

    -0.58%

  • CMSC

    -0.0900

    23.66

    -0.38%

  • BCE

    0.2700

    26.1

    +1.03%

  • BCC

    3.1800

    84.93

    +3.74%

  • GSK

    0.8700

    53.34

    +1.63%

  • BTI

    0.8800

    61.87

    +1.42%

  • NGG

    1.6200

    86.23

    +1.88%

  • BP

    1.1200

    38.82

    +2.89%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • RIO

    3.8500

    96.37

    +4%

  • AZN

    -4.0900

    184.32

    -2.22%

  • JRI

    -0.0300

    13.12

    -0.23%

  • RYCEF

    0.2800

    16.95

    +1.65%

  • VOD

    0.3400

    15.25

    +2.23%

  • RELX

    -5.0200

    30.51

    -16.45%

Leaders warn race for minerals could turn seabed into 'wild west'
Leaders warn race for minerals could turn seabed into 'wild west' / Photo: © AFP

Leaders warn race for minerals could turn seabed into 'wild west'

World leaders on Monday called for global rules to govern the seabed and warned against racing to exploit the ocean floor in a thinly-veiled rebuke of US President Donald Trump.

Text size:

Growing anxiety over Trump's unilateral push to fast-track deep-sea mining in international waters shot to the surface at the opening of the UN Ocean Conference in France.

"I think it's madness to launch predatory economic action that will disrupt the deep seabed, disrupt biodiversity, destroy it and release irrecoverable carbon sinks -- when we know nothing about it," said French President Emmanuel Macron.

Imposing a moratorium on seabed mining was "an international necessity", said Macron.

The number of countries opposed to seabed mining rose to 36 on Monday, according to a tally kept by the Deep Sea Conservation Coalition, an umbrella group of non-governmental organisations.

Trump was not among the roughly 60 heads of state and government in Nice but his spectre loomed large as leaders defended the global multilateralism he has spurned.

Of particular concern, his move to sidestep the International Seabed Authority (ISA) and issue permits directly to companies wanting to extract nickel and other metals from waters beyond US jurisdiction.

Brazilian President Luiz Inacio Lula da Silva called for "clear action" from the seabed authority to end a "predatory race" to exploit the ocean floor.

"We now see the threat of unilateralism looming over the ocean. We cannot allow what happened to international trade to happen to the sea," he said.

The deep sea, Greenland and Antarctica were "not for sale", Macron said in further remarks directed clearly at Trump's expansionist claims.

The ISA, which has jurisdiction over the ocean floor outside national waters, is meeting in July to discuss a global mining code to regulate mining in the ocean depths.

UN Secretary-General Antonio Guterres said he supported these negotiations and urged caution as countries navigate these "new waters on seabed mining".

"The deep sea cannot become the wild west," he said, to applause from the plenary floor.

- 'Wave of hope' -

Island nations also spoke out against seabed mining, which scientists warn could result in untold damage to ecosystems largely unexplored by humanity.

"Here in Nice, we can feel that the looming threat of deep sea mining, and the recent reckless behaviour of the industry is seen by many states as unacceptable," said Megan Randles from Greenpeace.

Macron said a global pact to protect marine life in international waters beyond national jurisdictions had received enough support to become law and was "a done deal".

The high seas treaty struck in 2023 requires ratifications from 60 signatory countries to enter into force, something France hoped to achieve before Nice.

Macron said the treaty "would be implemented" after roughly 50 nations ratified and 15 others formally committed to joining them. His office said this would happen by the end of the year, but did not name the countries.

"Today's surge of ratifications for the High Seas Treaty is a tidal wave of hope and a huge cause for celebration," Rebecca Hubbard, director of the High Seas Alliance, told AFP.

- 'Prove you're serious' -

On Monday, the United Kingdom announced plans to extend a partial ban on bottom trawling in some of its protected marine areas.

Macron said on Saturday that France would also restrict the destructive fishing method in some of its marine protected areas but was criticised for not going far enough.

Greece and French Polynesia announced Monday the creation of new protected marine parks, following similar action from Samoa this week.

Just eight percent of global oceans are designated for marine conservation, despite a globally agreed target to achieve 30 percent coverage by 2030.

But even fewer are considered truly protected, as some countries impose next to no rules on what is forbidden in marine zones or lack the finance to enforce any regulations.

The summit will not produce a legally binding agreement at its close, but wealthy nations faced calls to cough up the missing finance to make ocean protection a reality.

Small island states turned out in numbers to demand money and political support to combat rising seas, marine trash and the plunder of fish stocks that hurt their economies.

"We say to you, if you are serious about protecting the ocean, prove it," said President Surangel Whipps Jr of Palau, a low-lying Pacific nation.

np-aag-fcc-fff/phz

G.George--TFWP