www.bloomberg.com
Open in
urlscan Pro
151.101.1.73
Public Scan
URL:
https://www.bloomberg.com/news/articles/2023-07-11/deep-sea-mining-threatens-5-5-billion-tuna-industry-study-finds
Submission: On July 12 via api from US — Scanned from DE
Submission: On July 12 via api from US — Scanned from DE
Form analysis
0 forms found in the DOMText Content
Skip to content Skip to content Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Customer SupportCustomer Support Think Bigger:See how we drive impact, create opportunities and power decisions Europe Edition * UK * Europe * US * Asia * Middle East * Africa * 日本 Sign In Subscribe * Live Now BLOOMBERG TV+ BLOOMBERG DAYBREAK MIDDLE EAST & AFRICA Daybreak Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. BLOOMBERG RADIO BTV SIMULCAST A live simulcast of Bloomberg Television. Listen -------------------------------------------------------------------------------- BLOOMBERG ORIGINALS JANNIK SINNER, LINDSEY VONN AND THE QUEST FOR EXCELLENCE No matter how talented an athlete is, seeking advice from those who have gone before you is part of the journey to success. That’s exactly what professional tennis player Jannik Sinner had in mind when he met up with Lindsey Vonn, US Olympic Champion and one of the best alpine ski racers of all time. Have you ever wondered about the number of sacrifices a winning athlete has to make? The pressure to perform and remain at the top once you're there? Watch Vonn and Sinner as they explore the dedication and work required to become the best. (The film was produced in part by StarWing Sports Management, which represents Sinner.) ALSO STREAMING ON YOUR TV: * * Markets Markets * Deals * Odd Lots * The FIX | Fixed Income * ETFs * FX * Factor Investing * Alternative Investing * Economic Calendar * Markets Magazine BUSINESS A River at Europe’s Heart Gives a Climate Solution to Riled Farmers MARKETS Australia Gives China Extra Month to Decide on Barley Tariffs MARKET DATA * Stocks * Commodities * Rates & Bonds * Currencies * Futures * Sectors View More Markets * Economics Economics * Indicators * Central Banks * Jobs * Trade * Tax & Spend * Inflation & Prices ECONOMICS New Zealand Keeps Rates on Hold as Inflation Pressures Wane TECHNOLOGY Taiwan Chip Exports Plunge 21% as Device Makers Clear Inventory ECONOMICS Australia Treasurer to Finalize RBA Governor With Cabinet ‘Soon’ View More Economics * Industries Industries * Consumer * Energy * Entertainment * Finance * Health * Legal * Real Estate * Telecom * Transportation BUSINESS A River at Europe’s Heart Gives a Climate Solution to Riled Farmers PODCAST Peterson’s Adam Posen ‘Wouldn’t Rule Out’ 7% UK Interest Rate FEATURED * Business of Sports View More Industries * Tech Tech * AI * Big Tech * Cybersecurity * Startups CYBERSECURITY China-Based Hackers Breached Government Emails, Microsoft Says TECHNOLOGY FTC Leaning Toward Appealing Microsoft-Activision Loss HYPERDRIVE A SPAC Fiasco Threatens Future of $500,000 Hoverbike Pioneer View More Tech * AI AI * Stocks to Watch * Startups & Investing * Ethics, Law & Policy * Jobs & Economy THE BIG TAKE AI Is Making Politics Easier, Cheaper and More Dangerous TECHNOLOGY Tech Investors Bet on AI, Leave Crypto Behind AI Salesforce Makes Rare Price Hike After Launching AI Features View More AI * Politics Politics * US * UK * Americas * Europe * Asia * Middle East POLITICS China Slams Bulgari For Not Showing Taiwan As Part of Country POLITICS Wanted HK Activist Denies Family Help After Police Question Them FEATURED * Next China View More Politics * Wealth Wealth * Investing * Living * Opinion & Advice * Savings & Retirement * Taxes * Reinvention WEALTH Jack Ma’s Wealth Drops $4.1 Billion as Ant’s Valuation Slashed SAVINGS & RETIREMENT US State Pension Funding Rebounds on Stock Gains, Wilshire Says FEATURED * How to Invest View More Wealth * Pursuits Pursuits * Travel * Autos * Homes * Living * Culture * Style CULTURE The Barbie-Oppenheimer Double Feature Is Really Happening, Data Shows TRAVEL Where to Gambol: Cyprus Now Has the Largest Casino Resort in Europe FEATURED * Screentime * New York Property Prices * Where to Go in 2022 View More Pursuits * Opinion Opinion * Business * Finance * Economics * Markets * Politics & Policy * Technology & Ideas * Editorials * Letters STUART TROW Brits Aren't Retiring Early to Go Play Golf RACHEL SANDERSON Spain's Political Storm Stirs Separatist Movements ADRIAN WOOLDRIDGE Scratch a Tech Bro and You’ll Find a Naked Ape View More Opinion * Businessweek Businessweek * The Bloomberg 50 * Best B-Schools * Small Business Survival Guide * 50 Companies to Watch * Good Business * Subscribe to the Magazine TECHNOLOGY Russian Wikipedia’s Top Editor Leaves to Launch a Putin-Friendly Clone FEATURE iQuit: My Hellish Attempt to Leave Apple’s Walled Garden ECONOMICS Americans Prepare for Tighter Budgets as Student Loan Payments Resume View More Businessweek * Equality Equality * Corporate Leadership * Capital * Society * Solutions SOCIETY Think Better Education Brings More Jobs? Not for Chinese Women EQUALITY Ford Executive Charged With Assault After Purse-Burning Dispute With Wife FEATURED * In Trust Podcast View More Equality * Green Green * New Energy * ESG Investing * Weather & Science * Climate Politics * Greener Living * Cleaner Tech GREEN Radioactive Water Worries Japan’s Top Seafood Trade Partners GREEN Polluters to Face Unlimited Fines as UK Tackles Sewage Crisis FEATURED * Data Dash * Hyperdrive View More Green * CityLab CityLab * Design * Culture * Transportation * Economy * Environment * Housing * Justice * Government * Technology ECONOMY China's Hidden-Debt Problem Laid Bare in Zunyi City's Half-Finished Roads, Empty Flats CITYLAB NYPD Raids Unlicensed Marijuana Dispensaries in Lower Manhattan ECONOMY NY Urged to Curb Madison Square Garden Tax Break That’s Cost $1 Billion Since the 1980s View More CityLab * Crypto Crypto * Decentralized Finance * NFTs * Regulation * Technology CRYPTO Temasek Has No Plans to Invest in Crypto Exchanges For Now: CNBC CRYPTO BlockFi Settles With Management Over Crypto Lender’s Collapse CRYPTO US Prosecutors Accuse Engineer of Stealing Millions of Dollars in Crypto on DeFi Platform View More Crypto * More -------------------------------------------------------------------------------- Green Weather & Science DEEP SEA MINING THREATENS $5.5 BILLION TUNA INDUSTRY, STUDY FINDS Climate change is driving tuna toward toward the Clarion-Clipperton Zone, a region of the Pacific Ocean targeted for the mining of valuable metals. Rising ocean temperatures are expected to cause tuna to migrate eastward toward the Clarion-Clipperton Zone, where deep sea mining is most likely to occur. ISSF photo by Jeff Muir By Todd Woody +Follow July 11, 2023 at 9:00 AM GMT LISTEN TO THIS ARTICLE 3:46 SHARE THIS ARTICLE Copied Gift Gift this article Exit Subscriber Benefit Bloomberg subscribers can gift up to 5 articles a month for anyone to read, even non-subscribers! Learn more Subscribe Sign In Follow the authors @greenwombat + Get alerts forTodd Woody GREEN DATA DASH 52, 000 Million metric tons of greenhouse emissions, most recent annual data Vereeniging, South Africa Most polluted air today, in sensor range +0. 97° C May. 2023 increase in global temperature vs. 1900s average 56% Carbon-free net power in the U.K., most recent data 0 3 2 1 0 9 , 0 2 1 0 9 8 0 8 7 6 5 4 0 4 3 2 1 0 Soccer pitches of forest lost this hour, most recent data 0 6 5 4 3 2 0 4 3 2 1 0 0 3 2 1 0 9 . 0 5 4 3 2 1 0 2 1 0 9 8 0 3 2 1 0 9 0 4 3 2 1 0 0 3 2 1 0 9 0 0 9 8 7 6 Parts per million CO2 in the atmosphere $69. 9B Renewable power investment worldwide in Q2 2020 -11. 15% Today's arctic ice area vs. historic average Open Scientists expect climate change to increasingly drive tuna into the path of potential deep sea mining operations. In a peer-reviewed paper published Tuesday in the journal Nature npj Ocean Sustainability, researchers analyzed climate models to predict that the biomass of bigeye, skipjack and yellowfin tuna species will increase by an average of 21% by mid-century in the Clarion-Clipperton Zone, a vast region of the Pacific Ocean between Hawaii and Mexico that is targeted for the mining of valuable metals. More from Bloomberg green A River at Europe’s Heart Gives a Climate Solution to Riled Farmers Radioactive Water Worries Japan’s Top Seafood Trade Partners Polluters to Face Unlimited Fines as UK Tackles Sewage Crisis California Grid Sees Tenfold Spike in Battery Storage in 3 Years “These projected increases in overlap indicate that the potential for conflict and resultant environmental and economic repercussions will be exacerbated in a climate-altered ocean,” the study states. The paper builds on previous research forecasting that rising ocean temperatures will cause tuna to migrate eastward toward the end of the Clarion-Clipperton Zone, where mining is most likely to occur. If mining proceeds, it could damage the $5.5 billion Pacific tuna industry in several ways, according to the researchers. Mining companies plan to send giant robots to the ocean floor — 13,000 feet (4,000 meters) down — to suck up polymetallic nodules, potato-sized rocks rich in cobalt, nickel and other metals. Mining would spawn sediment plumes that could spread over hundreds of feet or more. Once the nodules are transported to the surface and processed, another plume of mining waste would be released back into the ocean. “That could potentially be at depths that would impact the breathing and feeding of tuna and the prey that they rely on for food, increase their stress hormone levels and have other consequences,” said Diva Amon, the study’s lead author and a deep sea scientist at the University of California at Santa Barbara. Tuna health could also be harmed by the release of toxic metals during mining, while noise and light from around-the-clock extraction operations could affect their breeding and migration patterns. The study’s publication coincides with this week’s meeting of the International Seabed Authority (ISA), the UN-affiliated organization that regulates deep sea mining. The ISA is drafting regulations that could permit mining operations to begin as soon as 2024 in the Clarion-Clipperton Zone, but a growing number of its 167 member nations (plus the European Union) are calling for a moratorium or pause on seabed mining. On Tuesday, the Global Tuna Alliance, a consortium of retailers and supply chain companies, joined six other seafood industry groups in also calling for a pause. Read More: A Showdown in Jamaica Is Deciding the Fate of the Deep Ocean The scientists say their findings underscore the need for the ISA to consider potential impacts on tuna fisheries. The organization does not currently require mining companies to take those impacts into account, and does not factor them into its own regional environmental management plans. The ISA has not yet issued regulations governing the depth of mining waste discharges. The paper noted that deep-diving tuna live as much as 500 meters beneath the surface, while their prey can be found at 1,500 meters. “Discharging below that would be a better situation for tuna,” Amon said. “But it’s going to be more costly and technically challenging for deep sea mining operations, and mining contractors may not be incentivized to do that.” Grantly Galland, a project director with the Pew Charitable Trusts’ international fisheries program, said regional fisheries management organizations — known as RFMOs, they are in charge of tuna populations in the Pacific — have not considered the consequences of deep sea mining. “It's definitely not on their radar and really has not come up at a single meeting I've been to recently,” Galland said. He expects the new paper to change that, and to perhaps encourage RFMOs to join the ISA as accredited observers so officials can make their views known. “Mining in areas like this one that are home to sensitive ecosystems and valuable fisheries should not be allowed unless we have the scientific knowledge to be reasonably certain that wildlife and fisheries can be protected from these new activities,” Galland said. SHARE THIS ARTICLE Copied Gift Gift this article Exit Subscriber Benefit Bloomberg subscribers can gift up to 5 articles a month for anyone to read, even non-subscribers! Learn more Subscribe Sign In Follow the authors @greenwombat + Get alerts forTodd Woody GREEN DATA DASH Open Have a confidential tip for our reporters? Get in touch Before it's here, it's on the Bloomberg Terminal Learn more LIVE ON BLOOMBERG Watch Live TVListen to Live Radio Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration 0:00 Loaded: 0% 0:00 Progress: 0% Stream Type LIVE Remaining Time -0:00 Playback Rate 1x Chapters * Chapters Captions * captions settings, opens captions settings dialog * captions off, selected Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque Font Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. Play Again MOST READ * Technology Microsoft Cleared to Buy Activision in US as UK Pauses Fight * Markets Meme Stocks Are Back, Raising a ‘Red Flag’ for the Broader Market * Markets Short Seller Andrew Left Is Living in Fear of the Feds * Markets Wall Street Traders Drive Stocks Higher Before CPI: Markets Wrap * Businessweek Americans Prepare for Tighter Budgets as Student Loan Payments Resume Copy Link MORE FROM BLOOMBERG Hollywood Grapples With How to Use Its Climate Superpowers What One of Climate Tech’s Earliest Investors Thinks Is Coming Next Apollo’s Rare Emissions Disclosure Offers Clue to CO2 Challenge Sunak Slammed Over Environment as UK Climate Minister Quits TOP READS A River at Europe’s Heart Gives a Climate Solution to Riled Farmers by John Ainger With Plenty of Clean Energy, Brazil Aims for Green Hydrogen Export Market by Peter Millard Spain May Be Moving Too Fast in Its Green Energy Push by Thomas Gualtieri A $30 Billion Disaster Is Just the Tip of a Deadly Climate Cycle by Coco Liu and Faseeh Mangi Terms of Service Manage Cookies Trademarks Privacy Policy ©2023 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Help Get unlimited access today.Explore Offer Arrow Right Chevron Down Subscribe now for unlimited access to Bloomberg.com and the Bloomberg app Global news that uncovers a new tomorrow. Cancel anytime. Get uninterrupted access to global news. Cancel anytime. Claim This Offer