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Protecting the nation's marine wealth in the West Philippine Sea
Topic Started: Mar 6 2014, 08:50 PM (1,324 Views)
gammy322
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EXPLAINER | Protecting the nation's marine wealth in the West Philippine Sea
By: Supreme Court Justice Antonio T. Carpio
March 6, 2014 7:36 PM


Panatag (Scarborough) Shoal, off Zambales in Luzon: under de facto occupation by Chinese boats since the April 2012 standoff between Philippine and Chinese forces. Tweet InterAksyon.com
The online news portal of TV5

Speech delivered by Supreme Court Senior Associate Justice Antonio T. Carpio before the Philippine Women’s Judges Association, 6 March 2014

This morning, with your kind indulgence, allow me to speak on a matter that I hope would be the advocacy of every Filipino - the protection of the marine wealth of the Philippines in the West Philippine Sea.

Our 1987 Constitution mandates: “The State shall protect the nation’s marine wealth in its xxx exclusive economic zone, and reserve its use and enjoyment exclusively to Filipino citizens.” This is the mandate of the Constitution that we have all solemnly sworn to uphold.

To fulfill the State’s obligation to protect the nation’s marine wealth in its exclusive economic zone, the Philippines has filed an arbitration case against China in accordance with the 1982 United Nations Convention on the Law of the Sea (UNCLOS). At stake in the arbitration before an UNCLOS Annex VII tribunal is whether the Philippines will keep or lose 80% of its exclusive economic zone and 100% of its extended continental shelf in the West Philippines Sea.



http://www.interaksyon.com/article/82146/explainer---protecting-the-nations-marine-wealth-in-the-west-philippine-sea
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Santi Kampilan
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This explains everything. This is as good as it can get. Loud and clear. Well done, Justice Carpio.
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Hong Nam
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Bought by China

Who protects you from this?

Quote:
 
Pangilinan offers Spratlys to Chinese oil firm in Reed Bank talks
VERA Files -11 hours ago
By THERESA MARTELINO-REYES



Business tycoon Manuel Pangilinan offered China's state-owned oil firm access to the Spratly group of islands in the South China Sea over which the Philippines has a territorial claim, although he had no legal capacity to do so.

Pangilinan, chairman and chief executive officer of Philex Petroleum Corp, offered to include in his discussions with officials of the state-owned China National Offshore Oil Corp. (CNOOC) the Spratlys Islands, even if his company's contract with the Philippine government is limited to Reed Bank, which is part of Palawan.

The 11-point proposal includes a Framework Agreement between Philex and CNOOC "relating to an area of mutual interest which will be defined as the area covered by SC 72."

SC 72 refers to Service Contract 72, signed in 2010, in which the Philippine government awarded Forum Energy Plc. (FEP) exploration rights to a basin within Reed Bank. Philex owns 64.45 percent of FEP, a London-based listed oil and gas exploration firm focused on the Philippines. FEP in turn owns 70 percent of SC 72.

Reed Bank is not in the Spratlys, although China is claiming it as part of its territory under its 9-dash line map in which covers almost the entire South China Sea. Aside from the Philippines and China, Vietnam and Taiwan also claim Reed Bank.

SC 72 is a seven-year exploration contract that can be extended y three years. Its 25-year production period can be extended by another 15 years.



Yahoo News / VERA Files




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Constructions Mecaniques de Normandie - C Sword 90



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