Natural Resources and Environment

Natural Resources and Environment
Author: U S Government Accountability Office (G
Publisher: BiblioGov
Total Pages: 70
Release: 2013-07
Genre:
ISBN: 9781289154561

GAO reported on the federal government's involvement in ocean mining and examined efforts to further develop U.S. ocean mining to provide access to seabed resources as a desirable supply source. The United States rejected the U.N.-backed Law of the Sea Treaty, hoping to provide a more adequate framework by which to ensure access to the strategic mineral resources of ocean seabeds. GAO found that, although the President designated a council to coordinate a national materials policy, no such policy has yet emerged. The current focus of government activity is directed toward negotiation of a reciprocating agreement with other industrialized countries. GAO believes that negotiating an alternative arrangement to the Treaty will not, in itself, ensure the development of ocean mining as an alternative source for critical materials. Further, the current uncertainties regarding U.S. ocean mining require the government to make more comprehensive vulnerability assessments to better gauge how extensively ocean mining should be promoted and how to effectively formulate financially oriented policies to aid private industry.

GAO Documents

GAO Documents
Author: United States. General Accounting Office
Publisher:
Total Pages: 456
Release: 1983
Genre: Economics
ISBN:

Catalog of reports, decisions and opinions, testimonies and speeches.