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The International Seabed Authority, a United Nations observer organization, is drawing up a regulatory framework for deep-sea mining based on data collected from explorations conducted by TMC and other ventures to inform its decisions.
However, the prospect of such mining is coming under criticism. Most
recently, French President Emmanuel Macron specifically called for the prohibition of seabed exploitation during November's United Nations COP 27 climate change conference in Egypt. Previously, Germany, New Zealand and multiple Pacific nations have also called for moratoriums.
The ISA is expected to meet member nations in March, when deep-sea exploration and its regulations are expected to be discussed.
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