I read an article about this a few weeks ago. Basically it's not possible because of the amount of energy required to pump the water. It's a HUUUUGE amount of water. Sea levels are rising 3mm/year, which is ... hmm
Surface area of Earth = 510 million km^2 = 5.10e14 m^2.
~70% is water, so 3.57e14 m^2.
Multiply that by 3mm (3e-3 m) = 1.07e12 m^3.
1.07 trillion tonnes of water. Per year.
Or 33,907 tonnes per second!