Greenwash + Blank Cheque Company ≠ Environmental, Social, and Corporate Governance
In a further attempt to distance itself from the significant environmental and social costs of deep sea mining, DeepGreen Metals merged with a special purpose acquisition company (SPAC) called Sustainable Opportunities Acquisition Corp (SOAC). Hard facts refute the claims of the new entity, The Metals Company, that it will promote sustainable development and is an Environmental, Social and Corporate Governance (ESG)-compatible investment.
