Virtual IFB

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Deep sea mining (DSM) is a speculative commercial industry - sometimes marketed as a sustainable activity - with ambitions to extract mineral deposits from the ocean floor. DSM is theoretical, but proponents are aggressively seeking capital, including from ESG investors.

Join us for an eye-opening discussion on the financial, environmental, and social risks of deep sea mining (DSM), a controversial and unproven industry that seeks to extract minerals from the ocean floor. Despite being touted as a potential solution for the green energy transition, DSM presents significant threats to our planet's largest carbon sink—the deep ocean—while posing substantial financial, legal, and reputational risks for investors.

Why You Should Attend:

This session is tailored for impact investors, traditional investors, philanthropists, and anyone interested in evaluating claims about the green, or blue, economy through the lens of ocean health, climate change, biodiversity, and human rights. The discussion will explore the technical and financial uncertainties of DSM, the growing Indigenous and youth opposition, human rights concerns, and the significant potential liabilities faced by both public and private investors.

DSM comes with steep costs, market uncertainties, and significant environmental impacts. Learn why 32 countries have called for a moratorium, why companies including Google, SAP, and BMW pledge not to use or invest in DSM-mined minerals, and why civil society, scientists, and Indigenous communities are pushing back against this industry.

Key Topics:

• The financial risks and liabilities associated with DSM, from fluctuating metal demand and pricing to an uncertain regulatory regime
• Why DSM is not a viable or necessary solution for the green energy transition
• How DSM threatens marine ecosystems, cultural heritage, human rights, food sources, and future climate resilience
• Which investors and financial institutions have excluded DSM
• The current state of play for DSM internationally and in countries exploring it.

Date: 17. September 2024

Time: 3 pm CEST / 9 am EDT

Featured Speaker:

• Bobbi-Jo Dobush – Expert in DSM Risks and Liabilities

About Bobbi-Jo Dobush

Bobbi-Jo Dobush is an attorney and ocean advocate with broad conservation law and policy experience. Her work is informed by a decade as a corporate lawyer advising on ESG issues and carbon markets and bringing together scientists, lawyers, and industry. Ms. Dobush is a deep seabed mining expert focused on finance, liability, and cultural concerns who has led a delegation to the International Seabed Authority and advised civil society, government, and philanthropies on DSM.  She is committed to protecting the deep ocean's integrity by preventing the greenwashing of the blue economy.

Who Should Attend:

Impact and traditional investors, philanthropists, and anyone passionate about the nexus of ocean health, climate action, biodiversity, and human rights. This is a must-attend event for those seeking to parse through greenwashing narratives and understand how their investments can support a truly sustainable and just transition to a blue and green economy. Specifically, this session will unpack the business case, risks, and implications of DSM. Don’t miss this opportunity to engage with leading experts, challenge prevailing narratives, and make informed decisions that align with a sustainable future.