Victor Vescovo, a high-profile undersea explorer and co-founder of Texas private equity firm Insight Equity Holdings, said deep-sea mining would be an “extraordinarily high” financial risk for investors. Speaking on the sidelines of this month’s International Seabed Authority (ISA) talks in Jamaica, Vescovo made a business case against mining the sea floor to uncover critical minerals. “I didn’t come here because I’m a raving ocean environmentalist. I’m not,” he told Bloomberg Green. “I’m first and foremost an industrial private equity guy. I did the math, and deep-sea mining just doesn’t work, as the risks are ... (full story)