Deep Sea Mining Campaign

🌊 The Cook Islands Government is making waves this week— but not the good kind. Prime Minister Mark Brown is on the verge of signing a strategic partnership with China, covering everything from trade to deep-sea mining. But here’s the kicker: locals are outraged over the lack of transparency and the secrecy surrounding the deal. The Cook Islands' waters are rich in polymetallic nodules, making them a prime target for DSM companies. But at what cost? Ecosystems that took millions of years to form could be destroyed in minutes—and the people most affected are being left out of the conversation. New Zealand is criticising the move for its secrecy. But Cook Islanders have a message for NZ: get in line. If the government isn’t consulting its own people, why should outsiders expect better? 💬 Do you think deep-sea mining is too risky? Should the Cook Islands prioritise transparency with their people? Tell us below! 👇 #DSMCDeepDive #StopDSM #CookIslands #OceanConservation #ProtectOurOceans #DeepSeaMining #NoDSM

🌊 The Cook Islands Government is making waves this week— but not the good kind. Prime Minister Mark Brown is on the verge of signing a strategic partnership with China, covering everything from trade to deep-sea mining. But here’s the kicker: locals are outraged over the lack of transparency and the secrecy surrounding the deal. The Cook Islands' waters are rich in polymetallic nodules, making them a prime target for DSM companies. But at what cost? Ecosystems that took millions of years to form could be destroyed in minutes—and the people most affected are being left out of the conversation. New Zealand is criticising the move for its secrecy. But Cook Islanders have a message for NZ: get in line. If the government isn’t consulting its own people, why should outsiders expect better? 💬 Do you think deep-sea mining is too risky? Should the Cook Islands prioritise transparency with their people? Tell us below! 👇 #DSMCDeepDive #StopDSM #CookIslands #OceanConservation #ProtectOurOceans #DeepSeaMining #NoDSM

Did you know? The ocean holds approximately 20 million tons of gold—but before you grab your diving gear, there's a catch! The gold is dissolved across the entire ocean. There's no real way to collect it. It's likely that some of this gold has helped to form polymetallic nodules - the rocks that greedy mining companies want to mine. These nodules form at an incredibly slow rate of just 1 to 10 millimeters every million years. 🤯 That’s right: it takes millions of years for these nodules to develop, and just minutes for deep-sea mining machines to rip them from the ocean floor. Once disturbed, the fragile ecosystems that rely on these nodules could take centuries—or longer—to recover. Some may never recover at all. So while deep-sea mining companies chase short-term profits, the long-term cost is the destruction of ecosystems we’re only just beginning to understand. 🌍💔 💬 Would you trade millions of years of ocean life for a few minerals? Tell us what you think below! #MindblownMondays #DeepSeaMining #PolymetallicNodules #OceanConservation #StopDSM #ProtectOurOceans #GoldRush

DSMC Presents! #MindBlownMonday Did you know over 80% of our oceans remain unexplored? Beneath the sparkling waves lies a world brimming with mystery, from fantastical creatures to ecosystems thriving in darkness. Every time you gaze into the blue, remember: there’s a universe down there. #OceanMysteries #DeepSeaDiscovery #ProtectOurOceans

Thanks to Dona Bertarelli Philanthropy I'll be participating in the Regenerative Ocean Week #ROW in Dar Es Salaam. Ensuring that deep sea mining is discussed as one of the newest threats to the ocean.

Deep-sea mining: a risky business that threatens biodiversity, cultural heritage, and key carbon sinks. Out of 20 banks analyzed, 9 have no DSM policies, and some with policies still provide corporate financing to DSM-linked companies. Financial links exist between 8 banks and 7 companies engaged in DSM. While some banks are taking steps, it’s clear more needs to be done to protect our oceans. 📖 Find out how your bank measures up: https://lnkd.in/gqk8WFRQ #DeepSeaMining #SustainableBanking #FairFinanceGuide #OceanProtection

Fair Finance Guide Germany (FFG) is a project coordinated by the NGO Facing Finance. FFG have released their 8th updated finance guide to examine whether and how German banks respect social, environmental and human rights. The highest scores again go to the alternative banks and church banks GLS Bank, Tomorrow2, Ethikbank, KD-Bank, Triodos Bank and Pax-Bank. Overall, German banks are improving in terms of transparency and sustainability, but still lag behind Swedish, Belgian or Dutch banks, as shown by the FFG in other countries. Deep sea mining is increasingly emerging as a key potential threat to our oceans, as well as a risk for financiers. The FFG has, for the first time, recognised deep sea mining (DSM) as a new sustainability criterion. The DSM Campaign has been working with FFG on this issue. FFG’s research has uncovered that 11 of the 20 banks studied directly exclude financing DSM projects. These include Apobank, Deutsche Bank, DZ Bank, Ethikbank, GLS, KD-Bank, Pax-Bank, Sparkasse Köln-Bonn, Tomorrow, Triodos, UniCredit. We are encouraged in terms of those banks standing up against exploiting the deep sea. However, a number of these banks continue to finance and invest in those who are supporting the industry, such as Deme Group whose deep-sea exploratory division is Global Sea Mineral Resources (GSR). Deutsche Bank and DZ Bank are shareholders of Deme. We would encourage those banks to use their shareholding to discourage DSM activities, and to divest if this is not acted on.

New Briefing Paper: Finance, Biodiversity, and the Threat of Deep Sea Mining In time for the recent Convention on Biological Diversity (CBD) Conference of Parties (COP), the Deep Sea Mining Campaign has released a critical briefing paper for financiers, highlighting the biodiversity risks of deep sea mining (DSM) and the potential impacts of investing in this emerging industry. At COP, discussions centered on how finance can drive nature protection and restoration while avoiding harm. Our paper underscores a straightforward step for financiers and insurers: exclude sectors like DSM, which pose some of the greatest threats to biodiversity. Key points from the briefing: 👉 Irreversible Biodiversity Loss: DSM could lead to biodiversity loss on a multi-generational scale. 👉 Misalignment with Sustainability: The UN Environment Programme FI states DSM cannot align with Sustainable Blue Economy Finance Principles. 👉 Growing Industry Exclusion: 15 financial institutions, including some of the world’s largest banks and insurers, have already implemented policies explicitly excluding DSM. With limited current financial exposure to DSM, this is a pivotal moment for financiers to act. DSM is an unnecessary and avoidable threat to ocean biodiversity—responsible investors can take a stand by steering clear. 📄 Read the briefing paper here: Navigating the Depths #FinanceForNature #DeepSeaMining #BiodiversityProtection #SustainableFinance #BlueEconomy

🌊 Deep-Sea Mining: A Biodiversity Risk That Financiers Can Avoid 🌍 The Deep Sea Mining Campaign released a briefing paper for financiers at COP, highlighting the biodiversity risks posed by deep-sea mining (DSM) and the potential impacts of investing in this controversial sector. The COP agenda underscores the critical role of finance in protecting nature, with the 2022 framework calling for $700 billion per year for nature protection and restoration. While integrating private finance into nature-based solutions sparks debate, one clear path for financiers and insurers is to avoid sectors with the greatest biodiversity risks. Deep-sea mining stands out as an avoidable risk. 💔 Irreversible Biodiversity Loss: DSM could cause damage on multi-generational timescales, with far-reaching consequences for ocean ecosystems, planetary health, and humanity. ❓ Knowledge Gaps: Decades of research would be needed to fully understand the risks, yet proponents argue for rapid expansion to meet mineral demands – a claim debunked by the European Academies Science Advisory Council. 🌊 Sustainable Blue Economy Incompatibility: The UN Environment Programme FI has stated that DSM financing cannot align with the Sustainable Blue Economy Finance Principles. The good news? Financial exposure to DSM is still limited, making it easy for institutions to exclude it from their portfolios. So far, 15 leading financial institutions have explicitly ruled out DSM, and many more have signed the ‘Business statement supporting a moratorium on deep-sea mining.’ 🚫 The choice is clear: Deep-sea mining is an unnecessary threat to ocean biodiversity. Responsible financiers can take a stand now, safeguarding our oceans for generations to come. 📖 Learn more in our new briefing: https://bit.ly/3ZdgZnu #Biodiversity #FinanceForNature #DeepSeaMining #SustainableFinance #COP #OceanConservation #NatureProtection

🌊 Deep-Sea Mining: A Biodiversity Risk That Financiers Can Avoid 🌍 The Deep Sea Mining Campaign released a briefing paper for financiers at COP, highlighting the biodiversity risks posed by deep-sea mining (DSM) and the potential impacts of investing in this controversial sector. The COP agenda underscores the critical role of finance in protecting nature, with the 2022 framework calling for $700 billion per year for nature protection and restoration. While integrating private finance into nature-based solutions sparks debate, one clear path for financiers and insurers is to avoid sectors with the greatest biodiversity risks. Deep-sea mining stands out as an avoidable risk. 💔 Irreversible Biodiversity Loss: DSM could cause damage on multi-generational timescales, with far-reaching consequences for ocean ecosystems, planetary health, and humanity. ❓ Knowledge Gaps: Decades of research would be needed to fully understand the risks, yet proponents argue for rapid expansion to meet mineral demands – a claim debunked by the European Academies Science Advisory Council. 🌊 Sustainable Blue Economy Incompatibility: The UN Environment Programme FI has stated that DSM financing cannot align with the Sustainable Blue Economy Finance Principles. The good news? Financial exposure to DSM is still limited, making it easy for institutions to exclude it from their portfolios. So far, 15 leading financial institutions have explicitly ruled out DSM, and many more have signed the ‘Business statement supporting a moratorium on deep-sea mining.’ 🚫 The choice is clear: Deep-sea mining is an unnecessary threat to ocean biodiversity. Responsible financiers can take a stand now, safeguarding our oceans for generations to come. 📖 Learn more in our new briefing: https://bit.ly/3ZdgZnu #Biodiversity #FinanceForNature #DeepSeaMining #SustainableFinance #COP #OceanConservation #NatureProtection