A Canadian company expects to complete a study, within a year, to gauge the feasibility of extracting metals from hydro-thermal basins some 2,000 metres deep in the Red Sea, which could boost Saudi Arabia and Sudan’s access to metals, and create high-paying jobs.

It’s the big pink elephant in the room that few others wish to acknowledge, but a central theme in a new report by former climate negotiator Nigel Purvis: An international climate change treaty isn’t likely to be signed anytime soon. Purvis served as president Clinton’s chief UN climate negotiator, and in his report released today…