Norway’s cabinet is scrapping a licensing round for deep sea minerals mining planned for 2025 as part of a deal with a small party backing the minority government to pass the country’s budget bill. The SV leftist and environmentalist party is not part of the ruling minority coalition, but the Labor government in Norway relies on it to pass legislation, including budget bills, in Parliament. Early this year, Norway’s Parliament agreed to allow Arctic seabed exploration to mine for critical minerals. Analyses by the Norwegian Offshore…