For these reasons and others the American Petroleum Institute the International

For these reasons and others the american petroleum

This preview shows page 24 - 25 out of 59 pages.

For these reasons and others, the American Petroleum Institute, the International Association of Drilling Contractors, and the National Ocean Industries Association all support U.S. ratification of the Convention.” Card 8 (BLOCK?): On Balance, Despite the Revenue-Sharing Clause, Joining the Convention Would Still Be Beneficial to the US Economy Citation: David B. Sandalow, “David Sandalow is the inaugural fellow at the Center on Global Energy Policy and co-director of the Energy and Environment Concentration at the School of International and Public Affairs at Columbia University. He launched and directs the Center’s U.S.-China Program and has written, most recently, on topics including energy diplomacy and energy finance. Sandalow has served in senior positions at the White House, State Department and U.S. Department of Energy . He came to Columbia from the U.S. Department of Energy (DOE), where he served as under secretary of energy (acting) and assistant secretary for policy & international affairs. Prior to serving at DOE, Sandalow was a senior fellow at the Brookings Institution, as well as Energy & Climate Change Working Group Chair at the Clinton Global Initiative. He has served as assistant secretary of state for oceans, environment & science and a senior director on the National Security Council staff.”, Thursday, August 19, 2004 (“Law of the Sea Convention: Should the U.S. Join?”, Brookings, accessed: 7/15/18) Significantly , the U.S. oil and gas industry, which would likely make these payments, does not oppose the Convention’s revenue sharing provisions. After noting ‘the significant resource potential of the broad U.S. continental shelf,’ Paul Kelly of Rowan Industries, representing the American Petroleum Institute and other major industry groups, told the Senate Foreign Relations Committee in October 2003 that ‘on balance the package contained in the Convention, including the modest revenue sharing provision, clearly serves U.S. interests.’” Card 9: The Convention Protects the Environment Citation: David B. Sandalow, “David Sandalow is the inaugural fellow at the Center on Global Energy Policy and co-director of the Energy and Environment Concentration at the School of International and Public Affairs at Columbia University. He launched and directs the Center’s U.S.-China Program and has written, most recently, on topics including energy diplomacy and energy finance. Sandalow has served in senior positions at the White House, State Department and U.S. Department of Energy . He came to Columbia from the U.S. Department of Energy (DOE), where he served as under secretary of energy (acting) and assistant secretary for policy & international affairs.
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