"The Obama Administration is pushing for accession to the U.N. Convention on the Law of the Sea (UNCLOS), which would expose the United States to baseless environmental lawsuits, including suits based on alleged U.S. contributions to global climate change. Accession would also require the U.S. to transfer billions of dollars in oil and gas royalties generated on its continental shelf to UNCLOS member states, particularly landlocked states and states that are the least developed.
The U.S. does not need to join the convention in order to access oil and gas resources located on its extended continental shelf (ECS), the Arctic, or the Gulf of Mexico. Instead, it can and should use bilateral treaties with neighboring countries to demarcate the limits of its maritime and continental shelf boundaries.
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 may likely total tens or even hundreds of billions of dollars. The Authority may 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." says The Heritage Foundation.
The Right Scoop further writes "In sum, LOST is bad news. Bad news for the energy industry, the economy and national sovereignty. So why are we still short the requisite 34 votes needed to kill ratification of the treaty? This is where you come in. It only takes two minutes to make a phone call. Senator McConnell said, “I don’t support it, of course, and I don’t think it will pass.” Sources also indicate Senator Corker is close to changing his vote. But let’s make sure LOST is dead in the water.
***UPDATE
Keep up the good work. The Hill is reporting Senator Johanns is no longer supporting LOST, meaning only three more “no” votes are necessary to kill ratification". (Thanks to The Right Scoop for the senators listing above as well!)
For The People couldn't agree more and urges everyone in the above mentioned senators states to write them and tell them to vote NO! We lose our sovereignty each day Congress sits and passes bills, laws and regulations like this. So, let's not be silent anymore and SPEAK OUT LOUD & CLEAR... that We the People say... ENOUGH ALREADY by sending them emails, tweeting them, calling them and tell them... DO NOT RATIFY LOST. I DID! Won't you stand with me and do so too?
