Is your business supporting Seabed Mining?
Electric vehicle and consumer electronics companies are portrayed as likely to be heavy users of minerals from seabed mining. You can show your company’s stance by having a stated position on whether or not you will accept minerals from seabed mining in your battery or electronic supply chain.
Similarly, if you are a financial institution, are you financing such efforts?
To date, we have seen Bank of America/Merrill Lynch and Goldman Sachs call seabed mining a “New Gold Rush” and have encouraged their private wealth clients to invest in such companies. This is not well considered and frankly, disgraceful, given climate change. Large mining companies like Glencore and Anglo American are holding positions in seabed mining efforts. Are investors asking about how their capital is being deployed?
Make your voice heard and call for divestment from seabed mining activities.