Calgary partner Wylie Spicer, QC, was recently interviewed on CBC International with regards to Article 82 of the United Nations Convention on the Law of the Sea (UNCLOS) and Canada being on the hook for millions of dollars in royalties. At the moment there is no plan set in place for payment of the royalities.
Wylie recently wrote a report for the University of Calgary School of Public Policy with regards to the Article, the paper questions where the money will come from as well as possible solutions.