President Donald Trump’s move on Thursday to kickstart deep-sea mining could be a lifeline for the Canadian company that is pushing to be the first to supply strategic minerals from the ocean floor.
The firm signalled its intention weeks ago to seek permits from the US administration for the activity in a challenge to UN governance, but whether the gambit pays off remains to be seen. The plan faces strong opposition from many countries and scientists who fear the industry could have catastrophic effects on the ocean ecosystem.
Years of deadlock in global efforts to agree rules for commercial mining of the ocean floor had been straining the finances and patience of the Vancouver-based The Metals Company (TMC) – one of the most prominent among a clutch of aspiring deep-sea mining companies.
Then, in an abrupt shift in company policy, TMC Chief Executive Gerard Barron said in a statement at the end of March that it was time to bypass the International Seabed Authority (ISA) – the little-known UN body created by the United Nations Convention on the Law of the Sea (UNCLOS).
“What we need is a fair hearing and a regulator willing to engage,” said Barron, going on to accuse various actors at the ISA of acting in “bad faith” by obstructing the completion of a mining code.
“Looking back at our 16-year experience of the ISA brand of multilateralism, we believe the United States made the right decision when they chose not to ratify UNCLOS,” Barron said.
Trump tries to upend international order
The company’s share price – which has struggled since it listed in 2021 – jumped this week after Trump signed an executive order calling for deep-sea mining, including beyond US territorial waters, in a bid to secure critical minerals like nickel, cobalt and copper and counter China’s dominance in the sector.
“Vast offshore seabed areas hold critical minerals and energy resources,” Trump said in the order. “These resources are key to strengthening our economy, securing our energy future, and reducing dependence on foreign suppliers for critical minerals.”
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He directed his administration to expedite the issue of mining permits under the Deep Seabed Hard Mineral Resource Act (DSHMRA), a piece of largely untested legislation dating back to 1980 before UNCLOS existed.
Following Trump’s announcement, TMC’s Barron said that “with a stable, transparent, and enforceable regulatory pathway available under existing US law, we look forward to delivering the world’s first commercial nodule project – responsibly and economically”.
Financial lifeline
Crucially, the step could give TMC some financial breathing space.
“They have had very little money, and a lot of debt, for a long time,” Bobbi-Jo Dobush, a US.-based environmental attorney, told Climate Home before Trump’s order was signed on Thursday.
TMC made a net loss of over $81 million last year, with a total deficit of $631 million piled up since it began operating. According to its latest annual accounts, the company had only $3.5 million in the bank at the end of 2024 and access to a potential $41.5 million loan offered by its main investors, Silicon Valley financier Andrei Karkar and Gerard Barron himself.
A company spokesperson declined to comment on its financial position.
The wider deep-sea mining industry has been in choppy financial waters due to persistent uncertainty over its viability. Norwegian company Loke Marine Minerals filed for bankruptcy earlier this month after a long search for additional capital from investors proved unsuccessful, its CEO Walter Sognnes was quoted as telling Norwegian newspaper DN.
International backlash
The ISA has under its supervision huge swathes of the Pacific Ocean beyond national jurisdictions that hold the world’s largest reserves of polymetallic nodules – potato-sized rocks packed with minerals that have a multitude of industrial uses – from weapons to clean energy technology.


For years, diplomats at the ISA have been trying to hash out deep-sea mining standards but deep divisions persist and much work remains to be done. Thirty-two countries, including France, Germany and Canada, have also called for either a full ban or a precautionary pause in deep-sea mining activities.
That means Trump’s unilateral decision to expedite licences in both US and international waters is likely to spark a backlash from the international community.
“Any unilateral action would constitute a violation of international law and directly undermine the fundamental principles of multilateralism, the peaceful use of the oceans and the collective governance framework,” said Leticia Carvalho, the secretary general of the ISA, when TMC unveiled its plans in March. Dozens of nations, both in the Global North and South, echoed her opposition.
China’s Foreign Ministry spokesperson Guo Jiakan said on Friday the US move “violates international law and harms the collective interests of the international community”. China holds the largest number of exploration permits in the Pacific Ocean under the ISA, but it has been waiting for the mining rulebook’s completion before conducting any commercial extraction activity.
‘Rip up the deep sea for profit’
Trump’s executive order also drew immediate condemnation from environmentalists who say deep-sea mining would cause irreversible damage to the ocean ecosystem while being financially prohibitive and unnecessary because land-based mineral resources and recycling could cover demand.
“Authorizing deep-sea mining outside international law is like lighting a match in a room full of dynamite – it threatens ecosystems, global cooperation, and US credibility all at once,” said Arlo Hemphill of Greenpeace.
“The United States government has no right to unilaterally allow an industry to destroy the common heritage of humankind, and rip up the deep sea for the profit of a few corporations,” he added.


TMC is one of the companies with the most to potentially gain.
In a call with analysts in late March, an executive from the Vancouver-based firm indicated that the US backing could be a much-needed spur to attract external investment.
“If we get to the point where regulatory uncertainty is no longer there and, you know, things are moving along at a very fast clip, let’s say through the US process, well that may put us in a different financial position,” said Craig Shesky, the company’s CFO.
TMC’s rapid pivot
As recently as a few months ago, the company was still lobbying US lawmakers to get behind new legislation calling on the US government to support international governance of seafloor resource exploration.
TMC spent $312,000 on US lobbying activities in 2024, according to lobbying disclosure records.
It is unclear why TMC’s longstanding policy position changed, but during a presentation with analysts, company executives name-checked Steven Groves, a former White House staffer during Trump’s first term.
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Groves is a policy director at the Heritage Foundation, a fossil-fuel funded think-tank that routinely opposes climate policies and casts doubts on universally accepted climate science. He also co-edited ‘Project 2025’, the controversial 900-page conservative policy blueprint for reshaping the federal government.
TMC’s Shesky said Groves agreed that applying for a mining licence under DSHMRA would be “a viable path based on robust and well thought out regulations”.
Choppy waters ahead
But other experts vehemently disagree. Dobush told Climate Home it is “very ironic and highly likely untrue” that going through the United States provides regulatory certainty when the national legislation has never been used for exploitation.
In 2022, weapons maker Lockheed Martin – the only existing holder of DSHMRA exploration permits – said that activities had been delayed as a result of a lack of international recognition of the US licences.
Duncan Currie, legal advisor at the Deep Sea Conservation Coalition, said he expected plenty of potential legal issues down the line for TMC before any mining takes place.
For instance, countries like Canada, Switzerland and the Netherlands – where TMC and its partner Allseas are respectively based – could risk breaching the terms of the UNCLOS if they fail to prevent the companies from acting unilaterally, he said.
Nations that rely on the UNCLOS to protect their freedom of navigation or fisheries rights may also be motivated to prevent the US government from setting a precedent in sidestepping international governance.
“Island states and seafaring nations place a great deal of importance on UNCLOS,” added Currie. “I would imagine that those countries will be working to ensure that this doesn’t happen.”
The post Trump throws lifeline to Canadian deep-sea miner, setting scene for international clash appeared first on Climate Home News.
Trump throws lifeline to Canadian deep-sea miner, setting scene for international clash
Climate Change
New Zealand moves to protect business with law curtailing climate litigation
New Zealand’s parliament has adopted a controversial new law blocking a whole avenue of climate litigation and shutting down its most advanced corporate lawsuit, which has been blamed by the government for shaking business confidence and investment.
The Climate Change Response (Tort Liability) Amendment Bill, expected to take effect in the coming days after it is formally signed by the Governor-General, prevents all current and future civil claims for climate loss or harm under tort law.
Justice minister Paul Goldsmith said last week that the aim was to give businesses “certainty around their climate change obligations”, noting it would not alter the government’s responsibilities under the Climate Change Response Act 2002 nor business obligations under the Emissions Trading Scheme.
“Our response to climate change is best managed by the Government at a national level and not through piece-meal litigation in the courts,” he added in a statement.
Such litigation, he said, “risks developing a new regime that contradicts the framework Parliament has already enacted” to tackle climate change.
Goldsmith singled out a key domestic climate lawsuit brought by Northland iwi leader and activist Mike Smith against six big companies: dairy firms Fonterra and Dairy Holdings, energy firms Genesis Energy and Z Energy, New Zealand Steel and coal mining firm BT Mining. A seventh original defendant, Channel Infrastructure, was dropped after it permanently decommissioned its Marsden Point oil refinery.
Smith argued that these companies had caused him harm under public nuisance and negligence law, as well as a third breach of a duty to cease contributing to climate change that has yet to be tested domestically. He did not seek financial compensation, instead asking for the companies to immediately stop emitting or contributing to net greenhouse gas emissions.
In one of the most advanced corporate climate accountability lawsuits in the world, a trial had been scheduled for April 2027 after the Supreme Court unanimously allowed the case to continue.
Corporate lobbying in the shadows
Smith described the passing of the bill as “deeply concerning”, particularly as it coincided with the Supreme Court hearing another of his climate lawsuits. In that case, Smith v Attorney-General, he argues that the government’s response to climate change and its impacts on Māori communities in particular breaches rights to life and culture.
“That timing raises profound questions about the separation of powers and the rule of law,” said Smith. “Whatever one’s view of the merits of these cases, it is deeply troubling when parliament intervenes to remove a legal pathway while the courts are actively considering fundamental questions about climate responsibility, rights and the crown’s obligations.”
The bill – which says that no person (including the government) can be found liable in tort for emissions-related climate change effects – followed major lobbying efforts by the companies defending themselves in Smith’s lawsuit. They outlined a proposed legal amendment in a briefing note to the government in 2024.
The centre-right government has been fiercely criticised over its lack of transparency in relation to this lobbying activity. The national ombudsman recently found that the Prime Minister’s Office effectively withheld information requested by the Environmental Law Initiative about meetings, discussions and conversations regarding Smith’s case.
Green groups fail to stop bill
The bill sparked huge concern among environmental campaigners in New Zealand and elsewhere. Greenpeace Aotearoa called it a “shocking abuse of executive power” and the vast majority of submissions to a parliamentary inquiry said it should be rejected.
But in the end, it was adopted with little resistance, moving relatively smoothly through parliament, passing its third reading by 67 votes to 53. Sam Bookman, climate law lecturer at Melbourne Law School, told Climate Home News he was not surprised by this, given that the coalition government has a secure majority.
A complaint has been made to the UN special rapporteur on climate change and human rights by Smith, the National Iwi Chairs Forum Pou Tikanga and youth coalition Climate Clinic Aotearoa over what they see as the government’s heavy-handed approach. Smith is also challenging the new law in yet another lawsuit.
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Bookman thinks it “very unlikely” that such a challenge will succeed, noting that New Zealand’s constitution is firmly anchored in parliamentary sovereignty.
But the expert in climate law does not see the bill as the end of legal action in the country, noting that New Zealand has a “sophisticated climate litigation landscape with a growing number of specialist and experienced lawyers and NGOs”.
The country is also approaching its next general election in November, and some opposition parties have pledged to restore access to the courts if elected.
Amanda Larsson, global project lead on agriculture for Greenpeace International, said: “This law deserves to be tested, and I strongly encourage the international climate litigation community to unite and help defend New Zealanders’ fundamental right to hold polluters accountable before this becomes a global blueprint.”
Copycat legislation on the rise
New Zealand’s move is part of a small but growing legislative effort to shut down climate litigation around the world.
In the US, Republican politicians introduced legislation in the House and Senate in April that would shield fossil fuel firms from climate liability lawsuits. Similar laws have already been passed at state level in Tennessee, Utah, Iowa and Louisiana.
The German state of Bavaria has put forward a similar proposal to the Federal Council, aiming to block private climate claims as well as the recognition and enforcement of foreign judgments imposing such liability. There are also proposals to limit available remedies and actions in the Netherlands and Belgium.
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Bookman said he expects more efforts to counter climate damages litigation and advised plaintiffs to think about how to respond, including drawing on broader support in opposing them.
“Even though it’s very hard for plaintiffs to win these types of cases, companies are very eager to avoid the expense, embarrassment and political accountability that come even with unsuccessful lawsuits,” he said.
The post New Zealand moves to protect business with law curtailing climate litigation appeared first on Climate Home News.
New Zealand moves to protect business with law curtailing climate litigation
Climate Change
Indonesia’s nickel production cuts are not enough to create a sustainable industry
Bhima Yudhistira Adhinegara is the Executive Director of the Center of Economic and Law Studies (CELIOS), an Indonesia-based economic think tank. Muhammad Zulfikar Rakhmat is the Director of the China-Indonesia desk at CELIOS.
Indonesia produces around 60% of the world’s nickel, a metal used to manufacture batteries for electric vehicles (EVs) – more than any other country in the world. But in 2026, the government sharply reduced how much of its nickel can be extracted from the ground.
Production quotas were reduced by around 40% this year compared to 2025. Weda Bay, the largest nickel mine on Earth, had its allowance cut by more than 70% and exhausted its full-year quota by the end of May, halting mining entirely; it cannot resume large-scale extraction until next year unless regulators grant an extension.
The policy has sparked a vivid debate in Indonesian policy circles: how can the country shift its strategy from a decade of mining vast quantities of cheap nickel to producing a high-value and low-carbon material that the rest of the world wants for EV batteries.
The cuts aren’t a silver bullet to clean up Indonesia’s nickel industry, whose smelters are powered by coal – the most polluting fossil fuels. But alongside stricter enforcement of environmental rules, it is one side of efforts to produce more sustainable nickel for a premium.
Restricting Indonesia’s nickel output
Production quotas were introduced to stop the collapse of nickel prices because of oversupply in the market. Prices had fallen more than 40% in 2023 alone and kept sliding as Indonesian supply kept growing, hitting a four-year low of around $13,900 a ton in late 2025.
Critics called the recent tightening of production quotas proof that Indonesia’s nickel strategy has failed, arguing that the industry shouldn’t need to throttle its own output to survive. But when assessed against what the policy was supposed to do – push up nickel prices – it has worked. Prices jumped to $20,000 a ton in May, the highest since 2024.
Chinese industry groups representing companies that have invested billions to mine and refine the country’s nickel were furious, warning Indonesia’s president Prabowo Subianto that the cuts put $50 billion worth of investment at risk. But much of that Chinese capital is sunk into smelters and processing plants built specifically to run on Indonesian ore, and cannot simply be moved elsewhere. That gives Jakarta more room to hold its ground than the warning suggests.
Stronger environmental enforcement
Since the start of the year, Indonesia’s forestry task force has seized more than four million hectares of land from mines and plantations operating illegally in protected forests, collecting over two trillion rupiah ($113 million) in fines.
This included 148 hectares seized from Weda Bay for lacking a forestry permit. The share of nickel produced from illegal small-scale mining also fell from about a quarter in 2022 to roughly 10% by 2024.
The crackdown responds to serious environmental damages in the nickel industry. On Obi Island, a waste pond collapsed after heavy rain in June 2025, flooding three villages and killing a resident. Internal company tests found chromium-6 – a carcinogen – in the water, in quantities far above the legal limit. The footprint of another mine near Raja Ampat, which is home to some of the world’s richest coral reefs, grew 60-fold in just eight years.

The market is responding to early cleanup efforts. Low-carbon nickel now sells for a real premium, roughly $18,800 to $19,300 a ton compared with $17,900 to $18,300 otherwise, as carmakers seek to source cleaner materials to comply with the European Union’s new emissions rules for imports.
In turn, this is incentivising the industry to do more to green its operations. Vale Indonesia’s smelter in South Sulawesi now runs almost entirely on hydropower, for example.
None of this addresses coal use, however. Major Indonesian nickel producers still emitted an estimated 15 million metric tons of greenhouse gases in 2023. Indonesia may be cracking down on illegal mining and rewarding cleaner producers but it is still running its mines on the dirtiest fuel available.
Unequal benefits
For Indonesia to truly benefit from producing cleaner and high-value nickel, it needs to reap the economic benefits too. Although the industry has boosted the country’s economic growth, the reality on the ground tells a different story.
Konawe in Southeast Sulawesi is home to a major smelting complex. Growth in the district jumped from 6% to 22% between 2015 and 2023, driven almost entirely by the nickel industry, according to a study by the Lowy Institute study. At the same time, poverty levels increased slightly and unemployment remained unchanged.
In Halmahera, another epicentre of the nickel industry, spending by the poorest fifth grew just 5% between 2019 and 2022, compared with 28% for the wealthiest fifth, according to a separate study.
Part of the reason for this inequality is the system for transferring mining royalties to district authorities where the mines are located. In theory, they are entitled to the largest share. But in practice, payments are delayed, companies routinely dispute what they owe and royalties are pooled and distributed across a larger area.
The Natural Resource Governance Institute has found that decentralisation handed local governments power to approve new mines faster than they could build their capacity to manage them. Higher output raises national income on paper, but local governments remain constrained by fiscal rules and infrastructure costs that scale with mining.
None of this makes the 2026 quota cuts a mistake. Indonesia has every right to defend its pricing power over a resource it controls. But limiting extraction isn’t going to fix underlying issues around environmental enforcement and revenue-sharing. That requires rules that are consistently enforced, royalties that reach communities living by the mines, and a plan to wean smelters off coal.
The post Indonesia’s nickel production cuts are not enough to create a sustainable industry appeared first on Climate Home News.
Indonesia’s nickel production cuts are not enough to create a sustainable industry
Climate Change
Risk of “catastrophic” oil spill reaching Kimberley coast found in Woodside’s Scott Reef gas drilling plans
SYDNEY, Monday 24 August 2026 – New analysis of Woodside modelling released by Greenpeace Australia Pacific and Environs Kimberley has revealed the oil and gas corporation’s plans to drill at Scott Reef could cause an oil spill up to 30 times bigger than the 2009 Montara disaster, impacting the Kimberley coastline and reaching as far as Indonesia.
The new analysis details the “catastrophic” oil spill risk put to environmental regulators for approval by Woodside in its Browse to North West Shelf Project (Browse) plans, the worst-case scenario being a blowout directly below Scott Reef, polluting whale migratory pathways and covering isolated turtle nesting ground with oil condensate.
An FOI application (F348) revealed the federal environment department (DCCEEW) asked offshore oil and gas regulator NOPSEMA to look into the oil spill risk in 2025. NOPSEMA’s response to the application refused access to its report, and one document shows DCCEEW sought further advice this year.
Greenpeace and Environs Kimberley are calling on the Federal Government to publicly release the NOPSEMA report given the risk of an uncontrolled release of oil condensate from directly below Scott Reef.
Hannah Schuch, Senior Campaigner at Greenpeace Australia Pacific, said: “Woodside is aware that drilling at Scott Reef risks a massive oil spill that would have severe, far-reaching consequences. It appears environmental regulators are aware too.
“The state and federal governments need to take this risk from Woodside’s drilling plans seriously, as they could end up allowing the worst oil spill in Australian history.
“The pygmy blue whales that migrate up and down the WA coast with their newborns each year could be swimming and feeding in toxic, oil-slicked water. Woodside’s proposal to drill at Scott Reef is an environmental disaster waiting to happen, and the WA and federal governments have one surefire way to prevent catastrophe — reject Browse.”
Martin Prichard, Executive Director at Environs Kimberley, said: “A catastrophic oil spill by Woodside would be disastrous not just for marine life in the area but also for the Kimberley’s $500 million tourism industry.
“The state and federal governments will see five marine parks on the Kimberley coast included in the risk area of a catastrophic Woodside oil spill.
“The Montara oil spill was disastrous for West Timor with the toxic oil destroying seaweed farmers’ livelihoods. The Kimberley dodged a bullet with Montara, we were lucky the spill didn’t head our way. Myself and a crew flew over the Montara oil spill and followed it as far as we could. It was like a scene from a disaster movie.”
After the WA Environmental Protection Authority deemed Browse “unacceptable” due, in part, to oil spill risk, Woodside submitted a mitigation plan based on technology that has never been used “in anger”, a weakness stated in an independent expert review of the plan.
Professor Richard Steiner, independent oil spill expert, said: “A large offshore spill is impossible to effectively contain or recover. Historically, only 2-6% of total spill volume is recovered and the ecological injury from the release of toxic hydrocarbons in the sea can be severe, extensive, and long-term.
“Here in Alaska, government research concludes that several marine populations injured by the 1989 Exxon Valdez oil spill, including whales, fish, and seabirds, are still not recovering today, 37 years later. We should expect similar long-term ecological impacts in Western Australia if there were to be a major oil spill. The only sure way to avoid the risk of a catastrophic marine oil spill is to not develop oil and gas projects in marine environments.”
-ENDS-
Media contact
Emma Sangalli on emma.sangalli@greenpeace.org or 0431 513 465
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