Norway to Arctic Ocean for Seabed Mineral Exploration

Despite environmental concerns, the country seeks to diversify its economy and reduce reliance on oil and gas.

Norway's center-left government and two large opposition parties have agreed to open the Arctic Ocean for seabed mineral exploration.
The decision is part of Norway's strategy to seek new economic opportunities and reduce its reliance on oil and gas.
Environmental groups warn that the move could threaten the biodiversity of vulnerable ecosystems in the area.
The Norwegian Petroleum Directorate states that there are significant mineral resources on the seabed of the Norwegian continental shelf, crucial for making batteries, wind turbines, PCs and mobile phones.
The planned area for exploration is located southwest of the Arctic island of Svalbard.