There is a major difference here between publicly held renewable resources and non-renewable resources. For renewable resources, all that needs to be done is p

There is a major difference here between publicly held renewable resources and non-renewable resources. For renewable resources, all that needs to be done is preventing a 'tragedy of the commons' and keeping the land open to most people. However, for non-renewable resources, whomever gets it is effectively taking it from the public. It is then important that the public is compensated for this loss.