
“A key factor in the evolution of these and many other states’ security policies has been the adoption of the United Nations Convention on the Law of the Sea (UNCLOS), the international statute governing offshore resource development. Under this agreement, ratified by the U.N. General Assembly in 1994, nations that border on large bodies of water are able to claim an “exclusive economic zone” (EEZ) extending up to two hundred miles out to sea, within which they can claim unlimited rights to seabed development. This means that many coastal and island nations have suddenly acquired dominion over vast offshore tracts with substantial energy and mineral potential. In many cases, however, these tracts are divided up among several adjoining states, leading to often fractious disputes over the location of offshore boundaries.”
―
Resource Wars: The New Landscape of Global Conflict
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