The Metals Company, a Canadian company racing to mine the deep sea, says it's seeking U.S. government financing for its business.
Why it matters: Deep seabed mining is a high-risk, high-reward enterprise. It balances the futures of delicate ocean ecosystems so car companies can get metal for electric vehicle batteries like cobalt, nickel, copper and manganese.
Negotiators succeeded this weekend in cobbling together details for a fund that would steer money to developing nations hardest hit by climate change.
The big picture: The "loss and damage" fund ranks high atop the topics that deeply divide countries as the next United Nations climate summit nears in Dubai in late November.
The number of companies setting net zero emissions targets has risen over 40% to 1,003 since June 2022, but 4% of the targets meet United Nations criteria for reaching the goal.
The big picture: That's according to the latest analysis from Net Zero Tracker, which examines net zero targets in the Forbes Global 2000 list of the world's largest companies, and found the 16-month jump to October brought an aggregate annual revenue which covered such targets, some $27 trillion.
