TSLA - Tesla Shareholders Reject Deep Sea Mining Moratorium As Global Environmental Debate Continues | Benzinga
Tesla Inc. (NASDAQ:TSLA) shareholders voted against a proposed moratorium on sourcing electric vehicle battery metals from deep-sea mining.
The growing debate over deep-sea mining reflects the industry’s need for critical minerals found in polymetallic nodules on the ocean floor. These nodules, rich in metals like cobalt and nickel, are essential for electric vehicle (EV) batteries.
At the company’s annual shareholder meeting, 78% of investors opposed the proposal put forth by the nonprofit organization As You Sow, which promotes corporate social responsibility. Filed in December, the proposal highlighted Tesla’s lagging position on this issue, urging them to join other automakers such as Volkswagen, Renault, BMW and Rivian in supporting a moratorium.
Still, Tesla fought to remove the proposal from ...