ABSTRACT
This chapter traces the development of the principle of permanent sovereignty over natural resources, PSNR in the context of the international investment regime. The genesis of the principle may be traced back to the concept of sovereignty and self-determination. The principle of PSNR has been incorporated in a number of resolutions of the United Nations General Assembly, including Resolution 1803. The chapter examines these resolutions and the nature of shared sovereignty on natural resources between state and people. It also examines the impact of these resolutions on investment regulations. The chapter then examines how environmental instruments are imposing certain restrictions on the sovereignty of the state. It further examines the legal status of the principle of PSNR. Colonization is characterized by an imbalance of power and wealth. The chapter expresses that the PSNR principle emerged from the struggle of former colonies to attain political and economic self-determination following World War II.
