On the recordMay 22, 2012
In the absence of such international recognition and legal certainty, U.S. companies are unlikely to secure the necessary financing and insurance to exploit energy resources on the extended shelf.
Source
congress.govIn the absence of such international recognition and legal certainty, U.S. companies are unlikely to secure the necessary financing and insurance to exploit energy resources on the extended shelf.
John Negroponte emphasizes the need for international recognition for U.S. companies to access energy resources.
Share
More from John D. Negroponte
U.S. demand for illicit drugs including meth is a key contributor to violence in Central America.
I think some of the changes, the new concepts that were introduced to the Trans-Pacific Partnership... ought to also be introduced into the NAFTA discussion.
In the absence of such international recognition and legal certainty, U.S. companies are unlikely to secure the necessary financing and insurance to exploit energy resources on the extended shelf.
You need to keep your eye on the funding for those programs so that it doesn't atrophy or disappear.