Category — Law of the Sea Treaty (LOST)
“[T]he threat of environmental extremism in a vast new area provides the biggest reason to reject the treaty. The Kyoto Treaty was rejected as national policy for good reason. LOST is Kyoto with a court attached.”
When Secretary of State John Kerry gave a speech at the Ross Sea Conservation Reception on March 19, he suggested that we should have called our planet Ocean rather than Earth. He went on to outline an international environmental agenda centered around the oceans that we can expect to be the hallmark of his time in office.
Saving the oceans will be the new rallying cry of the green movement and their political and corporate allies. We can therefore expect a new attempt soon to ratify the United Nations Convention on the Law of the Sea (LOST). This would be a disaster for America.
LOST was drafted during the Cold War, and intended by the Soviet Union as a means of support for its satellite states in the developing world. The fundamental principle of LOST is socialization — or “internationalization,” comparable to nationalization of land or industries — of the world’s oceans and seas. By declaring the world’s oceans “the common heritage of mankind,” it provided a mechanism by which any development of subsea resources outside a nation’s 200 mile zone would help subsidize those regimes. [Read more →]
April 19, 2013 4 Comments
“The [LOST] treaty proposes to create a new global governance institution that would regulate American citizens and businesses without being accountable politically to the American people. Some treaty proponents pay little attention to constitutional concerns about democratic legislative processes and principles pf self-government, but I believe the American people take seriously such threats to the foundations of our nation.” 
- Donald Rumsfeld, “Why the U.N. Shouldn’t Own the Seas,” June 12, 2012.
A proposed Law of the Sea Treaty (LOST) which has not yet ratified by Congress will grant a newly established U.N. bureaucracy, the Kingston, Jamaica-based International Seabed Authority (ISA), power to regulate deep-sea oil exploration, drilling operations, seabed mining, and fishing rights beyond 200 miles of our coast. As part of the deal, as much as 7% of U.S. government revenue that is collected from these oil and gas operations will be forked over to ISA for redistribution to poorer, landlocked countries.
Under current law, oil companies are required to pay royalties to the U.S. Treasury (typically at a rate of 12 ½% to 18%) for oil and gas exploration in the Gulf of Mexico and off the Northern coast of Alaska. If LOST is ratified, we will be required to pay 1% of those “international royalties” beginning in the sixth year of production at each site, with rates increasing at 1% annual increments until the 12th year when they would remain at 7% thereafter. This can amount to billions, if not trillions of dollars. 
The U.S. would have one vote out of 160 regarding where the money would go, and be obligated to hand over offshore drilling technology to any nation that wants it… for free. Those recipients will most likely include such undemocratic, despotic and brutal governments as Belarus, Burma, China, Cuba, Sudan and Zimbabwe…all current voting members of LOST.
The treaty was originally drafted in 1968 at the behest of Soviet bloc and Third World dictators interested in implementing a scheme to weaken U.S. power and transferring wealth from industrialized countries to the developing world. It had been co-authored by Elisabeth Mann Borgese, a socialist and admirer of Karl Marx who ran the World Federation of Canada. In a 1999 speech she declared: “The world ocean has been and is so to speak, our great laboratory for making a new world order.”
Recognizing this as a global grab, President Reagan refused to sign, stating in his farewell address to the nation in 1988: [Read more →]
July 3, 2012 5 Comments