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Beware the SEC's Creation of 'Natural Asset' Companies
Longview News-Journal ^ | December 1, 20203 | Margaret Byfield…

Posted on 12/14/2023 9:37:20 AM PST by TBP

To anyone who tracks the efforts of environmentalists, their policies often have an ulterior motive. They neither result in a better society nor do they produce better habitats. Their policy preferences also do not consider how using the land improves the land for man and wildlife. Instead, many environmentalists advocate for policies at the expense of farmers, miners, and others who create usable, tangible, societal benefits from the land. This often leaves observers to wonder: what are environmentalists really after?

The answer is power and money.

On September 29, the SEC, at the request of the NYSE, proposed a rule that would create an entirely new type of company called a Natural Asset Company (NAC). NACs, according to the Proposed Rule, “hold the rights to ecological performance.” These companies would be given license to control lands, both public and private, and would be required not to conduct any “unsustainable activities, such as mining, that lead to the degradation of the ecosystems.” In effect, this means that these companies would somehow seek to profit off the lands without using the lands. Whatever they do, it must be “sustainable.”

Another feature of these new companies is that the land belonging to sovereign nations and private landowners alike can be subject to the control of NACs. Sovereign nations, such as the United States Government, can provide their lands to private investors, including those outside the United States. China, for example, may be able to invest in an NAC and effectively be a stakeholder in our national parks. Russia could assume control of lands currently leased to produce oil and place them off limits for future natural resource development.

(Excerpt) Read more at news-journal.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government; News/Current Events
KEYWORDS: esg; nac; property; sec; tyranny
The #BeijingBiden regime's latest scheme to destroy our liberties, establish tyrannical rule, and empower our country's enemies.

Please call your representatives (Federal and state) and demand that they oppose this tyrannical idea.

Sustainability is not sustainable.

1 posted on 12/14/2023 9:37:20 AM PST by TBP
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To: TBP

Add NAC and SEC authority among things for Trump to squash in Jan. 2025.


2 posted on 12/14/2023 10:03:07 AM PST by G Larry (It is RACIST to impose SLAVE WAGES on LEGAL Immigrants by importing Cheap ILLEGAL Labor!)
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To: TBP

This is a stupid idea.

Years ago when I was an active waterfowl hunter I was a member of Ducks Unlimited. One of the things they did with their money was to buy wetlands so as to preserve wildlife habitats for migratory birds. This is how it should be done. As the owner, they could preserve or not.


3 posted on 12/14/2023 10:08:21 AM PST by zeugma (Stop deluding yourself that America is still a free country.)
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To: TBP

States and local authorities should tax those properties as commercial when they take them out of farming, mining, etc. See how Gates, et al act when their non-producing farm lands are taxed a commercial rates.


4 posted on 12/14/2023 1:32:40 PM PST by RetiredTexasVet (Biden not only suffers fools and criminals, he appoints them to positions of responsibility. )
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