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gross overriding royalty on a producing natural gas field in Latin America, providing exposure to a lower-carbon transition fuel aligned with government emissions reduction policies. The NORI Royalty has been added to the LCR portfolio that contains a 1.6% NORI and Low Carbon Royalties are a great fit.
This is generating the world’s largest industrial waste stream and gigatons of emissions, poisoning ecosystems and people’s health, and driving potential labor exploitation including child labor. The combined company will continue to be led by Gerard Barron, DeepGreen Chairman and CEO. DeepGreen Metals Inc. Source: DeepGreen.
The Metals Company (previously DeepGreen Metals) in Vancouver expects to be the first to commercially produce metals from these nodules by 2024. Land-based mining is already fraught with environmental destruction, emissions, human rights abuses , and mountains of waste, as well as precarious global supply chains.
At a high level, the findings suggest that, compared to mining the land for battery metals, sourcing the needed metals from ocean nodules can deliver: 70% less CO 2 e direct emissions. 90% reduction in SO x and NO x emissions. 94% less stored carbon at risk. 100% reduction in solid waste. 94% less land use. 93% less wildlife at risk.
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