Selling the Ocean now to the World Bank. Foreign Relations Committee Approves LOST
Foreign Relations Committee Approves LOST Written by JBS Staff Wednesday, 31 October 2007 00:00 Share this Mister Wong Webnews Power-Oldie Linkarena Digg Del.icio.us Reddit Jumptags Upchuckr Simpy StumbleUpon Slashdot Netscape Furl Yahoo Blogmarks Diigo Technorati Newsvine Googlize this Blinklist Facebook Wikio Meneame Diggita Export PDFPrintE-mailTagsLOSTLaw of the Sea TreatyUNoceans
The U.S. Senate Committee on Foreign Relations voted to ratify the United Nations Convention on the Law of the Sea Treaty (LOST) on Wednesday, October 31, by a vote of 17-4.
With the committee's approval, the full Senate will now be faced with a final vote on ratification of the treaty.
As of October 31, there is no scheduled vote on LOST in the Senate. Nevertheless, previous reports indicated that the Senate would vote on LOST prior to the end of the year.
The Law of the Sea Treaty (LOST) entered into force in 1994 and has been ratified by 153 countries (click here for a list of recent LOST developments). The treaty gives the UN complete jurisdiction over the oceans and everything in them, including the ocean floor with all its resources, along with the power to regulate 70 percent of the world's surface.