Planet Tracker 348d ago

Research reveals minimal financial gains for governments and high environmental cost of deep sea mining. Planet Tracker previously highlighted the negative environmental impacts of deep sea mining – but there’s another factor to consider – the minimal financial benefits for countries do not outweigh these negative impacts on the planet. Countries are unlikely to see significant financial benefits from deep-sea mining corporate income tax and royalties, estimated at an average of $42,000 to $7.35 million each annually. Planet Tracker urges governments investors to consider the potentially vast and irreparable environmental damage and financial risk and support a moratorium on deep sea mining.