who owns natural resources?
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Natural resource ownership
Private individuals and corporations, as well as federal, state, local, and tribal governments, can own both land and the oil, gas, coal, and other minerals found below the surface.
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Explanation:
When it comes to the natural resources found off the coast, the federal government and state governments split ownership. In general, states have primary authority and natural resource ownership in the three-mile area extending outward from their coasts.
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