No Demand, No Investment: Congress Should Not Fund Deep Sea Mining Speculation

Source: Greenpeace Statement –

Malaysian actress Sharifah Sofia holds a banner reads “Stop Deep Sea Mining” in front of the deep-sea vessel “Hidden Gem” while it anchored at sea in Labuan, Malaysia. The Hidden Gem, owned by AllSeas and commissioned by The Metals Company, is the deep-sea mining industry’s flagship vessel. The Metals Company confirmed in late April 2025 that they submitted the first-ever commercial mining application to the US government, with the company stating they are “ready to go”.

WASHINGTON, D.C. (March 31, 2026 ) — In response to The Metals Company’s latest announcementof its corporate update and financial results for the period ending December 31, 2025, Jackie Dragon, Greenpeace USA Senior Oceans Campaigner, said: “If deep sea mining is truly the next big thing its backers claim, why can’t The Metals Company attract investors — and why do they expect taxpayers to foot the bill? Before Congress authorizes a single dollar of Department of Defense support for this industry, it should demand the answers it already paid for: two mandated reports on whether these minerals are even needed. Until then, Congress is being asked to fund a solution to a problem the Department of Defense has never formally assessed. This isn’t about security; it’s about propping up a speculative industry that risks irreversible harm to the deep ocean for corporate profit.”

Contact: Tanya Brooks, Senior Communications Specialist at Greenpeace USA, [email protected]

Greenpeace USA Press Desk: [email protected]

Greenpeace USA (inc.) is part of a global network of independent campaigning organizations that use peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future. Greenpeace USA is committed to transforming the country’s unjust social, environmental, and economic systems from the ground up to address the climate crisis, advance racial justice, and build an economy that puts people first. Learn more at www.greenpeace.org/usa.