Comment by spockz
4 days ago
Hang on. So the reaction to companies intending to perform actions that will destroy the economy system of the oceans is to prevent more demand? Why this instead of just forbidding that mining?
4 days ago
Hang on. So the reaction to companies intending to perform actions that will destroy the economy system of the oceans is to prevent more demand? Why this instead of just forbidding that mining?
Well without that mining batteries will run out of cost effective materials quite quick and temper the ability to hit the demand necessary to decarbonize the grid. There’s also complicated legal matters since a lot of this happens in international waters. Oh, and the body that nominally regulates the matter has been clearly regulatory captured and is handing out mining licenses left and right. So while it might be nice to hypothesize what a sensible regulatory framework might look like, what’s actually happening is “full steam ahead” mining. It’s really bleak.