Mineral Resource Extraction and Long-Term Impacts: A Case for the Establishment of a Permanent Fund
This paper examines the short-term and long-term impacts of Mineral Resource Extraction (MRE) on jurisdictions in the United States. While MRE may prove to be an economic boon for communities in the short-term, conclusive findings on the industry’s long-term economic impacts are elusive. Given the mixed economic record of MRE and its potential to also usher in a host of negative externalities, such as environmental degradation and infrastructural stress, the establishment of a permanent or trust fund is imperative. These funds divert revenue collected from MRE into a fund that exists in perpetuity and allows citizens to benefit from the industry in the future, even if extraction ceases.