Why Deep-Sea Mining Is the Next Battleground in the Energy Transition

▤ Summary

“We’re preparing our application,” said Gerard Barron, the chief executive of the Metals Company, a Canadian business that has an agreement with the Pacific island country of Nauru to sponsor its deep-sea mining endeavors. A United Nations convention establishes waters beyond 12 nautical miles from a territorial coast as communal property, which means that profits from minerals discovered there should be shared to some extent. lost a bid to block Microsoft’s $70 billion acquisition of Activision Blizzard, opened the first big investigation into OpenAI over ChatGPT’s privacy and security practices, and was grilled by a Republican-led congressional committee over her approach at the agency. One reason: Wall Street is betting that an improving inflation outlook, underscored by Wednesday’s Consumer Price Index, will compel the Federal Reserve to pivot to a more dovish rates policy, which tends to lift tech stocks. The “political campaign rhetoric will likely include headline risk around regulation of megacap Tech,” Savita Subramanian, Bank of America’s head of U.S. equity and quantitative strategy, writes in the report.

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