Environmental group puts in symbolic £1 bid as UK licences auctioned off
Greenpeace UK lawyers have written to the UK government to express serious concern about its lack of control over two deep sea mining exploration licences that it sponsors via UK Seabed Resources (UKSRL).
UKSRL’s parent company, Loke Marine Minerals AS, recently declared bankruptcy and now its assets, which include the two exploration licences, are currently the subject of a fire sale under the rules of Norwegian bankruptcy. Together, the licences cover an area of the Pacific Ocean’s Clarion-Clipperton Zone larger than England [1].
Signs point towards this being a strategic bankruptcy to create a ‘phoenix company’ – a business…
