Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
Poland has paid the agreed compensation in a dispute over Turow mine that lies close to the border with the Czech Republic and Prague has withdrawn its complaint at the Court of Justice of the European Union, the Polish prime minister said on Friday.
The leaders of the Czech Republic and Poland agreed a deal on Thursday to end a long-running dispute over expansion at the Turow open-pit lignite mine on the Polish side of the border, a row that reached the European Union’s top court.
“The Czech Republic has withdrawn its complaint to European institutions and that is the end of this issue,” Polish Prime Minister Mateusz Morawiecki told a news conference, after Poland paid.
Under the deal, the Czech Republic said it would withdraw the legal complaint in exchange for compensation of 45 million euros ($51 million) for infrastructure upgrades and other environmental safeguards and pledges.
(By Alicja Ptak and Anna Wlodarczak-Semczuk; Editing by Edmund Blair)
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