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U.K. Says Its Seabed Is More Valuable for Environment Than Oil

  • Government statistics office draw up ‘natural capital’ account
  • Seabeds are absorbing more carbon dioxide than trees
Aerial view looking west across Salthouse and Cley Marshes, village of Cley on left, towards Blakeney Harbor and Point North Norfolk

Photographer: David Tipling/Universal Images Group/Getty Images

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The U.K.’s seabed is more valuable as a carbon sink absorbing pollution from industry than as a source of oil and natural gas, official estimates from the government’s Office for Nationals Statistics show.