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natural resources

Tar Sands Threaten World’s Largest Boreal Forest

According to data from Global Forest Watch, an online mapping platform that tracks tree cover loss and gain in near-real time, industrial development and forest fires in Canada’s tar sands region has cleared or degraded 775,500 hectares (almost two million acres) of boreal forest since the year 2000. That’s an area more than six times the size of New York City. If the tar sands extraction boom continues, as many predict, we can expect forest loss to increase.

What Will it Take to End the “Resource Curses?”

The “resource curse" describes the paradox where countries rich in oil, gas, and minerals remain largely impoverished. Better transparency—both in how governments spend extractive revenues and how natural resource decisions are made—could help tackle this problem. While some new initiatives are making progress on this front, more needs to be done to ensure that drilling and mining doesn’t come at the expense of communities and the land, water, and wildlife they rely on.

Overlapping Land and Natural Resource Rights Creates Conflict in Africa

In much of Africa, the bundle of land rights that most rural people legally hold is relatively small—usually limited to surface rights and certain rights to some natural resources on and below the surface, such as rights to water for domestic use. Many high-value natural resources—such as oil, natural gas, minerals, and wildlife—are governed by separate legal regimes and administered by different public institutions. Africa’s governments often allocate these rights to outside, commonly foreign companies for large-scale operations. In other words, while many communities hold rights to the land, foreign companies hold the rights to the natural resources on or under the same plot. These overlapping rights oftentimes lead to conflict, unsustainable use of resources, and injustices.

Bringing together some of the world’s foremost economic experts to contribute to the global debate about economic policy, and to inform government, business and investment decisions.

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