DSHMRA does not give mining companies the needed certainty they need to operate in international waters
But the DSHMRA does not grant that authority, coun- tered Caitlyn Antrim, executive director of the Rule of Law Committee for the Oceans, a nonpartisan educa- tional group whose purpose is to inform public discourse regarding U.S. interests in accession to the Convention. She said the DSHMRA was a framework and never was considered, in and of itself, sufficient.
“It was intended to be a transition to the Law of the Sea Convention and, in fact, it has those provisions in there saying that when a Law of the Sea Convention is in force for the United States, those provisions of the law that are not appropriate to it will be inactive,” Antrim told Seapower. “If only U.S. companies were mining the deep ocean floor or, as in the 1980s, only non-parties to the Convention had such capability, then operating under domestic legislation outside the Convention might be an option for business investors.
“But now, with 12 sites being explored under the Convention, and five more applications up for review this summer, customary behavior has already established the Convention as the only legal regime for seabed min- ing beyond national jurisdiction that has international legitimacy,” she said. “And with the International Seabed Authority preparing to develop regulations for commer- cial exploration of seabed minerals, the domestic U.S. regime is falling even further behind.”
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The development of deep seabed claims is incredibly expensive. Companies in the U.S. are reluctant to invest heavily in deep seabed mining because of the risk that their activities would not withstand a legal challenge since the U.S. is not a party to the Convention. Conversely, foreign companies, because their governments have joined the Convention, have access to the international bodies that grant the legal claims to operate in the deep seabed area. The U.S. cannot represent the interests of its companies in those bodies.
Keywords:Related Quotes:- DSHMRA does not give mining companies the needed certainty they need to operate in international waters
- Lack of legal certainty has stalled deep seabed mining industry
- US accession to the convention would provide domestic deep seabed mining industry strong leadership and legal stability
- Seabed mining companies will only lose rights if US remains outside of UNCLOS
- ... and 14 more quote(s)
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