Managing Natural Resources Equitably, Sustainably, and Transparently
Our challenge is to utilize Libya’s natural resource endowment for the common good while avoiding the mistakes of the past which promoted the inequitable distribution of key natural resources to political elites. In cases where the economic benefits of natural resources are shared with private investors, we must ensure that private gains are offset by national benefits such as technological acquisition, economic and social infrastructure development, and transfer of knowledge and skills to Libyans. We must increasingly involve our communities in the use and preservation of environmental assets so that our non-renewable resources are used in a manner that balances the needs of the present with the needs of future generations.
Transformation Projects for Managing Natural Resources Equitably, Sustainably, and Transparently