For the people and accountable to the people  A country’s resources should be used democratically. The resources that are found under the soil belong to the nation and therefore they should be used for the benefit of the people. Even where there is private ownership extending to mineral and energy resources it is the responsibility of the owners to use those resources for the good of the nation. The only way for this to happen is if there is a democratically accountable body in charge of the funding; this has to mean a democratic parliament.  Putting the money in an ‘independent fund’ is not very accountable. Even if it is independent there is no saying what the money will be used for, or that the fund is not really designed to funnel money back to a few individuals.