Storebrand AM calls for stop to deep-sea mining

Metals like cobalt and lithium are needed for the net-zero transition, but extracting them from the sea floor may cause significant environmental damage, the Norwegian asset manager says.
Activists call for an end to deep-sea mining during a demonstration in Prague earlier this month. | Photo: David W Cerny/Reuters/Ritzau Scanpix
Activists call for an end to deep-sea mining during a demonstration in Prague earlier this month. | Photo: David W Cerny/Reuters/Ritzau Scanpix

Deep-sea mining may be highly damaging to ocean ecosystems. Consequently, it is premature to invest in such activities, Norwegian asset manager Storebrand says.

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