Trump Signs Deep-Sea Mining Order

This is a U.S. news story, published by CNBC, that relates primarily to Trump news.

U.S. news

For more U.S. news, you can click here:

more U.S. news

Trump news

For more Trump news, you can click here:

more Trump news

energy & natural resources news

For more energy & natural resources news, you can click here:

more energy & natural resources news

CNBC news

For more news from CNBC, you can click here:

more news from CNBC

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like energy & natural resources news, you might also like this article about

sea mining

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest seabed mining news, seabed mining activities news, energy & natural resources news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

sea mining moratorium

CNBC

•

Business

Business & Economics

Trump’s critical minerals drive paves the way for a deep-sea gold rush

Summary

Nutrition label

80% Informative

President Trump signed executive order to fast-track deep-sea mining within U.S. and international waters.

The move is designed to help private companies access billions of tons of potato-sized rocks known as polymetallic nodules, which are rich in strategically important minerals.

The Metals Company CEO Gerard Barron said, "It's getting lively" TMC swiftly followed Trump 's executive order by applying for a commercial license to mine the ocean floor.

U.S. is one of few countries not to have ratified the U.N. Convention on the Law of the Sea.

As You Sow, a shareholder advocacy group, is "deeply concerned" by Trump 's executive order.

"We are very concerned about this executive order and the impact it's likely to have on these organisms, on these resources," she says.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language