Home › Forums › Refining Community › Refinery News › L.O.S.T. Alert – Oil Industry needs solid resistance › RE: L.O.S.T. Alert – Oil Industry needs solid resistance
This LOST Alert is one that all Oil companies should get behind because of the threats it contains to their future existence and cost.This thing has been trying to get into law since 1982 & none of wording has really changed since Regan was president & stamped it out. This time its trying to pass via stealth mode – with extra shove from Kyoto supporters who have failing program.
If there was ever a time to kick Energy Lobbyists into high gear & focus on a bill, this would be it (think about UN being able to give offshore development to whomever it wants &/ or tax them). It would be a good time for individuals so inclined to call or write their representatives on this as well (my first two drafts burst into flames before I finished them). For those not up-to-speed on the issue, think in terms of Global Warming/Kyoto in stealth mode or UN on Steroids (able tax, control seabed resources, governance ect) and here is take on the main points to remember about LOST:
1. LOST threatens U. S. sovereignty. Not just a little or around the edges, but fundamentally. Once the U. S. became a party to the treaty, any number of issues could be adjudicated by a LOST tribunal. It is not clear what the limits are on the issues that could be taken up by LOST. Jurisdiction over anything that affects the oceans directly or indirectly could be asserted. The majority of members of the tribunal adjudicating any particular issue are almost certainly going to be hostile to U. S. interests. Tribunal decisions cannot be appealed. Unlike every other country in the world, those decisions could be enforced in U. S. federal courts against the federal government.
2. LOST would be a big step toward United Nations global governance. The treaty’s reach extends far beyond international issues and disagreements into nations’ internal policies on a wide array of issues. The treaty’s structure is designed to replace national decision making with UN decision making on these issues.
3. For the first time, the United Nations would have international taxing authority through LOST. Enough said.
4. LOST would accomplish backdoor implementation of the Kyoto Protocol and far beyond. A claim before a LOST tribunal that industrial CO2 emissions are leading to increasing acidification of the oceans and thereby threatening the world’s marine ecological resources would almost certainly be decided in the affirmative. Other nations could decide how to respond to such a decision. In the U. S., a private party, such as an environmental pressure group, could file suit in federal court to force the federal government to implement the tribunal’s decision. This is because in the U. S., ratified treaties have the same status as the Constitution. This is not true of any other country.