The Trump administration has taken the first step toward opening waters near American Samoa to deep-sea mining. According to The Hill, the Interior Department announced Tuesday it will solicit public and industry input on potential seabed mineral extraction in the U.S. territory. The move follows an executive order from Trump to accelerate access to critical seabed resources, citing national security and economic growth. Interior Secretary Doug Burgum said the initiative could strengthen domestic supply chains. Environmental groups caution that deep-sea mining could irreversibly damage marine ecosystems. Only a fraction of the scientific data needed to assess the impact is currently available.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Trump administration has taken the first step toward opening waters near American Samoa to
00:06deep sea mining, according to The Hill. The Interior Department announced Tuesday it will
00:10solicit public industry input on potential seabed mineral extraction in the U.S. territory.
00:15The move files an executive order from Trump to accelerate access to critical seabed resources,
00:20citing national security and economic growth. Interior Secretary Doug Burgum said the initiative
00:24could strengthen domestic supply chains. Environmental groups cautioned that deep sea
00:28mining could irreversibly damage marine ecosystems. Only a fraction of the scientific data needed to
00:34assess the impact is currently available. For all things money, visit Benzinga.com slash GSTV.