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U.S. Accession to U.N. Convention on the Law of the Sea Unnecessary to Develop Oil and Gas Resources

U.S. Accession to U.N. Convention on the Law of the Sea Unnecessary to Develop Oil and Gas Resources
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Five Takeaways from the US Continental Shelf Announcement

Five Takeaways from the US Continental Shelf Announcement
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U.N. Convention on the Law of the Sea Erodes U.S. Sovereignty over U.S. Extended Continental Shelf

If the U.S. becomes a member of the United Nations Convention on the Law of the Sea, it will be required to transfer a large portion of the royalties generated on the U.S. extended continental shelf to the International Seabed Authority. These royalties would likely total tens or even hundreds of billions of dollars. The Authority would then distribute those funds to developing and landlocked nations, including some that are corrupt, undemocratic, or even state sponsors of terrorism. Instead of diverting U.S. revenues to such dubious purposes, the U.S. government should retain any wealth derived from the U.S. extended continental shelf for the benefit of the American people. ....

United States , Palmyra Atoll , Gulf Of Mexico , Oceans General , White House , District Of Columbia , Kingman Reef , Johnston Atoll , Northern Mariana Islands , United Arab Emirates , Aleutian Islands , Beaufort Sea , Gulf Of Alaska , Gulf States , Arctic Ocean , Harrys Truman , Bering Sea , Bill Clinton , Ronald Reagan , Us Task , International Seabed Authority , Water Conservation Fund , University Of Alaska , Economic Research , Un Convention , Senate Committee On Foreign Relations ,