New Sovereign Funds

What’s more precious than oil? In an environmentally ravaged world, every other resource. With climate conditions becoming increasingly chaotic, more countries take steps to secure their resources and protect their economic viability. National governments create new sovereign funds. They borrow inspiration from the Norwegian Government Pension Fund that created over $1T in wealth for each citizen, and The First Nations Principles of OCAP (ownership, control, access, and possession of data).

Canada puts water and wood into sovereign funds. Brazil secures what remains of the Amazon, accelerating replenishing efforts as its Oxygen Output helps generate national income(thanks to the world Banks’s O2O incentive). Burundi, DCR, Tanzania, and Zambia find new wealth in Lake Tanganyika, the second largest body of fresh water in the world. And since data is the new oil, the EU decides to create citizen data pools that big tech has to pay to use and extract.

Evidence:

• Sovereign wealth funds are on the rise.

• The Norway Government Pension Fund is currently worth $1.2T but dependence on oil may create challenges.

• The First Nations principles of OCAP® assert that First Nations have control over data collection processes, and that they own and control how this information can be used.