Sovereignty over natural resources

Most people assume that the natural resources of a country belong to its people. Theorists of cosmopolitan resource justice have recently questioned this assumption, arguing that extensive rights of peoples over natural resources cannot be justified. In response, defences of peoples' resource rights, grounded in the value of self-determination, have been tepid. This paper argues against both positions. It advances the distinct thesis that popular resource sovereignty is justified as the resource rights allocation that maximizes well-being. This consequentialist account provides superior normative foundations for peoples' resource rights.