Once a county signs the document, it has 10 years to prove that the continental shelf off its coast is an extension of its landmass.
A United Nations study suggests the 1.7 million square kilometres of Canada's continental shelf contains up to $700 billion worth of natural resources.
Full article: Canada works to extend seabed sovereignty
[Proofreader's note: this article was edited for spelling and typos on June 11, 2005]
Note: Canada works to extend...

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Dave Ruston
Finders, keepers!
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"If you must kill a man, it costs you nothing to be polite about it." Winston Churchill
G
Finders, keepers
Findes freaking keepers???
was it lost?
Geez Doc c
I have come to expect far better from you!
And please remember who is being delt with here - those same wondeful fold who use invasion as a tool for arbitration
Sheesh
Of course, they have kept everything they've done since then a big secret, too: SCICEX was a 5 year program (1995-1999) in which the Navy has made available a Sturgeon-class, nuclear powered, attack submarine for unclassified science cruises to the Arctic Ocean. Beginning with a test cruise in 1993, civilian scientists together with Navy personnel have collected a variety of information on the geology, physics, chemistry and biology of this critical region. The unmatched mobility of submarines in ice covered oceans has allowed data to be collected from over 100,000 miles of shiptrack in the Arctic providing samples from some regions that have never before been visited.
Just curious: what validity do you think Canada's "claim" to something offshore at any time in the future will hold, after a 47 year headstart by the rest of the world?
Once we conclude our part of the newest agreement by mapping the seabed surrounding that land, then our claim will be complete under international law.
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"If you must kill a man, it costs you nothing to be polite about it." Winston Churchill
Let me just say, if that is what you intend, you better beef up the "military" you claim will enforce your abrogations of the rights of others.
And get ready to be called Warmongers.
If you want to rely on the right of discovery, most of North America would belong to the Hudson's Bay company. We've gone past that, and the International Law of the Sea expresses in excruciating detail how to express soverenty on the sea bed within a countries territorial waters.
I'm pretty sure that the US has detailed undersea surveys of the Norwegian Fjords too, doesn't mean they discovered them.
But, I see by the way you put the word military in quotes, and use of the word 'warmongers' that you really are not interested in a discussion, but wish to troll some more.
Enjoy!
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"If you must kill a man, it costs you nothing to be polite about it." Winston Churchill
Such bravery! Such resolve! Da World needs More of Dees Canadian Values!
Seems they've already taken some Canadian "land", without bothering to tell you gentle superior beings.
Perhaps they were just being polite, and didn't want to intrude on your smugness.