Congress Can't Make Asteroid Mining Legal (But It's Trying, Anyway) 213
Jason Koebler writes: Earlier this week, the House Science Committee examined the American Space Technology for Exploring Resource Opportunities in Deep Space (ASTEROIDS) Act, a bill that would ensure that "any resources obtained in outer space from an asteroid are the property of the entity that obtained such resources."
The problem is, that idea doesn't really mesh at all with the Outer Space Treaty of 1967, a document that suggests space is a shared resource: "Unlike some other global commons, no agreement has been reached at to whether title to extracted space resources passes to the extracting entity," Joanne Gabrynowicz, a space law expert at the University of Mississippi said (PDF). "There is no legal clarity regarding the ownership status of the extracted resources. It is foreseeable that the entity's actions will be challenged at law and in politics."
The problem is, that idea doesn't really mesh at all with the Outer Space Treaty of 1967, a document that suggests space is a shared resource: "Unlike some other global commons, no agreement has been reached at to whether title to extracted space resources passes to the extracting entity," Joanne Gabrynowicz, a space law expert at the University of Mississippi said (PDF). "There is no legal clarity regarding the ownership status of the extracted resources. It is foreseeable that the entity's actions will be challenged at law and in politics."