Is it better that money should be wasted immediately or should the return be spread out? Any prudent population would choose the latter. Most populations are wary of untrammelled exploitation of natural resources of the kind being promoted for fear of the devastating environmental impact.  Recent failures of big companies to protect the environment, like Chevron(1), only add to this discontent and lack of trust. The case of Rosia Montana Gold Company which wants to get a permit to mine for gold in Romania is also very illustrative. Following the request of this company to exploit certain mountainous areas in the Carpathian, a series of nation-wide protests have emerged. Thousands of people from across the nation are going out on the streets on a weekly basis to protest against this project.(2)  An independent fund won’t disincentivise investment; money will still be returned to the nation’s treasury to be used by politicians but because it takes longer to flow into the treasury there is less incentive for reckless investment that disregards the people’s will.  (1) “Chevron's Toxic Legacy in Ecuador”, Rainforest Action Network,   (2) Vlad Ursulean “Stopping Europe's biggest gold mine”, Al Jazeera, 27 Nov 2013