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The company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga. Deep sea mining remains controversial.
The small island nations of Micronesia and Mauritius submitted a joint proposal in April to phase down production and consumption of HFCs under the Montreal Protocol. This will bring momentum to those negotiating the international agreement and the US legislation. —Dr. Stephen Andersen.
The initiative of developing and developed countries was catalyzed by the Federated States of Micronesia as a way to slow sea level rise. The United States is already actively engaged in efforts to reduce these pollutants on the national and international levels.
The US, Canada, and Mexico have submitted a proposal to strengthen climate protection under the Montreal Protocol— the international treaty that phases out the production of a number of substances responsible for ozone depletion. The Federated States of Micronesia submitted a similar proposal on HFCs as well. C, says IGSD.
Last year, the Federated States of Micronesia along with other vulnerable island countries proposed an amendment to the ozone treaty to phase down the production and use of HFCs. The United States, Mexico, and Canada also proposed a similar amendment.
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