June 14, 2012
Ratification ‘Would Provide American Businesses Certainty and Legal Equality’ to Recover Vast Resources Off U.S. Shores
In a letter delivered yesterday to the Senate Foreign Relations Committee and every U.S. Senator, 12 major U.S. business groups called for ratification of the Law of the Sea Treaty and said:
- “Now that new technologies and changed conditions have made it cheaper and easier to access the potential wealth beneath the oceans, the business community simply cannot afford to have the U.S. remain on the sidelines.”
- “Energy companies need the certainty the Convention provides in order to explore beyond 200 miles and to place experts on international bodies that will delineate claims in the Arctic.”
- “The telecommunications industry needs the Convention to expand the right to lay and maintain submarine cables in the oceans of the world and provide stronger protections for cables against damage by other parties.”
- “A wide range of domestic industries, including aerospace, defense, and consumer electronics, need the Convention to enable access to a new source of mineral resources, including rare earth minerals, which lie in massive deposits on and beneath the deep seabed floor.”
The letter was signed by:
American Petroleum Institute
Chamber of Shipping of America
Financial Services Roundtable
International Association of Drilling Contractors
Marine Retailers Association of the Americas
National Association of Manufacturers
National Marine Manufacturers Association
North American Submarine Cable Association
RARE, The Association for Rare Earth
TechAmerica
Telecommunications Industry Association
U.S. Chamber of Commerce
Click here to read the letter. Learn more about the benefits of ratification at www.RatifyTheTreatyNow.org.
Sending an SOS to the U.S. Senate – Ratify the Treaty Now!
The American Sovereignty Campaign (TASC) is supported by a broad, diverse and distinguished group of national security, business and NGO leaders who are committed to expanding U.S. sovereignty and protecting vital national security and economic interests by securing immediate Senate ratification of the Law of the Sea Treaty. Learn more about TASC at www.RatifyTheTreatyNow.org.
