Tag Archives: United Nations Convention on the Law of the Sea
The United Nations Is Considering Banning High-Seas Fishing
Far offshore are the high seas—waters beyond any country’s jurisdiction and the focus of a contentious debate. The high seas, which cover nearly two-thirds of the ocean’s surface, have recently seen an increase in fishing and other activities, such as deep-sea mining. To protect the biodiversity of this vast environment, delegates attending a meeting currently underway in New York are negotiating for a new international treaty, an addition to the United Nations Convention on the Law of the Sea. Depending on the outcome of this and subsequent meetings, the United Nations could move to regulate—or even ban—fishing and other activities on the high seas. >click to read<17:55
UNCLOS – Bay du Nord oil could become 1st in world to see payments flow to UN’s International Seabed Authority
A deepwater oil project 500 kilometres from St. John’s could generate a rich stream of revenue for Newfoundland and Labrador and tax benefits for Ottawa — but it also could eventually see funds flow all the way to the United Nations. And that raises the question of who ultimately would foot the bill for those payments to the UN. The $6.8-billion Bay du Nord project, announced Thursday by the Newfoundland and Labrador government and the Norwegian oil company Equinor, is poised to become the first oil field to fall under the United Nations Convention on the Law of the Sea. Canada signed on to UNCLOS in 2003. >click to read<11:56
