HillNote
The oceans are much deeper than we think. The high seas – defined in international law as the waters beyond all national territorial waters and exclusive economic zones (EEZs) – extend to depths ranging from an average of over 4,000 metres to a maximum of over 10,000 metres. Making up almost half of Earth’s surface, the high seas contain nearly 95% of the planet’s habitat. Moreover, oceans are home to an estimated 700,000 to 1 million species. Scientists continue to discover new species and ecosystems, many of them on the deep seabed floor.
Certain areas of the deep seabed are also home to significant ore deposits. These can potentially be mined and used to meet increasing demand for valuable metals used in modern and clean technologies.
This HillNote outlines the opportunities and risks of deep seabed mining. It traces the current state of negotiations behind the regulations that will govern deep-sea life and activity for the foreseeable future. It also describes Canada’s role in the International Seabed Authority.