Source: Wall Street Journal
Author: Ben Foldy and Amrith Ramkumar
A wave of investigations, allegations and skepticism is facing battery suppliers and electric car makers.
Startups aiming to source metals have been particularly hit by the backlash, including would-be deep-sea miners, The Metals Company (formerly DeepGreen) as shares have plunged by 90% since their merger with the SPAC, Sustainable Opportunities Acquisition Corp.
“Several analysts anticipate that environmental opposition to underwater mining will prevent it from producing any raw materials.”
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