US should ratify Law of the Sea treaty, Senate panel told

It's becoming increasingly urgent for the US to join the Law of the Sea treaty, witnesses from the American Petroleum Institute and other business organizations told the US Senate Foreign Relations Committee on June 28. "This treaty would give us an opportunity to develop more of our own Outer Continental Shelf, particularly in the Arctic where an estimated 25% of the world's remaining energy resources lie," API Pres. Jack N. Gerard said. He explained that Canada, Russia, Norway, and other countries that already are active in the Arctic sit on the council of the International Seabed Authority, which the treaty established. "Some have already filed claims," Gerard said....

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