If approved, it will grant a Kingston, Jamaica-based International Seabed Authority (ISA) the power to regulate deep-sea oil exploration, and seabed mining.
If ratified by Congress, it will grant a Kingston, Jamaica-based International Seabed Authority (ISA) the power to regulate deep-sea oil exploration, seabed mining, and fishing rights.
They point to the relatively small size of the Kingston, Jamaica-based international bureaucracy that has operated the International Seabed Authority in obscurity over the last 25 years.
Michael Lodge, general counsel for the International Seabed Authority, told me that the authority's aim was to encourage a new mining industry to exploit seabed minerals but within strict environmental controls.
BBC: UK Seabed Resources joins deep-ocean mineral-mining rush
Yet, that would be the effect of our joining one of the UN's offshoots--the International Seabed Authority (ISA), a supranational organization created by Part XI of the Law of the Sea Treaty.
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What is clear, however, is that the taxpayer will be on the hook for at least a quarter of the International Seabed Authority's annual operating budget, our tithe under the UN formula.
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Only weeks earlier, a Lockheed unit in the United Kingdom was granted an exploration license by the International Seabed Authority to mine polymetallic nodules on the ocean floor between Hawaii and Mexico.
For example, for the first time since the UN was founded, a multilateral agency, the International Seabed Authority (ISA), would have the power to raise revenues from U.S. taxpayers if American companies wish to exploit the seabeds' resources.
Under the UN's Convention on the Law of the Sea, mining rights on the ocean floor are controlled by a little-known body, the International Seabed Authority, which since 2001 has issued 13 licences - with another six in prospect.
BBC: UK Seabed Resources joins deep-ocean mineral-mining rush
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