Too bad: You called it exactly right. The natural resources of the state are the property of the people of the state and are called 'public trust resources' in which the managers of the government hold those resources in trust for the people. The goal of the trustees is to provide for the maximum sustainability of the resources. Extraction of minerals is, by the nature of the minerals, non sustainable. 

The Public Trust trustees have the responsibility to protect the sustainability of resources like clean air, clean water, marine, anadromous and fresh water fish, and other wildlife from resource extraction that would be likely to harm the sustainability of those living resources, air and water.

The proposal as set out in the initiative would only confirm the responsibilities of the government individuals and agencies to fulfill their duties as trustees of the citizen owned natural resources of the state of Alaska.