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Financial Institutions Break Promises, Invest $684M in Deep-Sea Mining

1/31/2026

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Summary

Story summary

According to a Deutsche Welle (DW) investigation, over 20 financial institutions pledged not to finance deep-sea mining, yet invested $684 million.
Deutsche Bank and Credit Agricole continue investing in mining firms despite commitments, a move critics call greenwashing.
Marine biologist Diva Amon warns the deep-sea life is fragile and less than 0.001% of the seafloor has been explored.
Forty countries support a moratorium on deep-sea mining to assess environmental harms.

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Story summary

According to a Deutsche Welle (DW) investigation, over 20 financial institutions pledged not to finance deep-sea mining, yet invested $684 million.
Deutsche Bank and Credit Agricole continue investing in mining firms despite commitments, a move critics call greenwashing.
Marine biologist Diva Amon warns the deep-sea life is fragile and less than 0.001% of the seafloor has been explored.
Forty countries support a moratorium on deep-sea mining to assess environmental harms.