{"id":299189,"date":"2024-01-31T16:42:13","date_gmt":"2024-01-31T15:42:13","guid":{"rendered":"https:\/\/climatescience.press\/?p=299189"},"modified":"2024-01-31T16:42:16","modified_gmt":"2024-01-31T15:42:16","slug":"victory-as-dangerous-natural-asset-companies-proposal-fails","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=299189","title":{"rendered":"Victory as dangerous \u201cnatural asset companies\u201d proposal fails"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From CFACT<\/a><\/p>\n\n\n\n

By Craig Rucker<\/a><\/p>\n\n\n\n

Last Fall, radical Greens and their woke allies in Big Business moved to create something called \u201cNatural Asset Companies\u201d [NACs]. These were cockamamie firms, designed to be placed on the New York Stock Exchange for the purpose of tying up public and private lands by doing nothing on them whatsoever. They wanted to stop any so-called \u201cunsustainable practices\u201d like mining, logging, energy production, etc., that might (perish the thought) make a profit.<\/p>\n\n\n\n

The Securities and Exchange Commission initially bought into this wacky Green scheme. But last week, the New York Stock Exchange withdrew its request to the SEC to create these firms. Voila, another victory for private property rights in America!<\/p>\n\n\n\n

When we learned that the anti-land use crowd was seeking permission to lock up land by creating these so-called \u201cnatural asset companies,\u201d CFACT took action<\/u><\/a>.<\/p>\n\n\n\n

We first joined forces with our good friends at the American Stewards of Liberty and put this on the radar of many politicians and policy outfits. We did this, for example, at our 30\u00d730 property rights conference we co-sponsored with them in Dallas last September.<\/p>\n\n\n\n

We also sent in comments opposing NACs to the SEC. Read our detailed regulatory submission at CFACT.org<\/u><\/a>.<\/p>\n\n\n\n

CFACT senior policy analyst Bonner Cohen explains<\/u><\/a> that \u201cnatural asset companies\u201d are a ploy \u201cdesigned not to make money for investors, but to serve as an instrument for the imposition of illegal and unconstitutional environmental policy on millions of acres of private and public lands across the United States.\u201d<\/p>\n\n\n\n

Utah Treasurer Marlo Oaks told CFACT\u2019s Gabriella Hoffman<\/u><\/a> that:<\/p>\n\n\n\n

I am pleased by the NYSE\u2019s decision to withdraw this dangerous proposal. I appreciate the efforts of so many to provide input to the SEC, NYSE, and their elected representatives. This news illustrates the impact of public engagement on important issues. The proposed creation of Natural Asset Companies is one of the greatest threats to rural communities in the history of our nation. Under the proposal, private interests, including foreign-controlled sovereign wealth funds, could use their capital to purchase or manage farmland, national and state parks, and other mineral-rich areas and stop essential economic activities like farming, grazing, and energy extraction<\/em>.<\/p>\n\n\n\n

Treasurer Oaks could not be more right.  It is important that we who value freedom and prosperity participate fully in the public policy process and that we do so to the highest standard of scholarship.<\/p>\n\n\n\n

CFACT is proud to have joined the effort to block the damage \u201cnatural asset companies\u201d would do to America.<\/p>\n\n\n\n

We\u2019ll keep a vigilant watch for the Greens to try again.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Last Fall, radical Greens and their woke allies in Big Business moved to create something called \u201cNatural Asset Companies\u201d [NACs]. These were cockamamie firms, designed to be placed on the New York Stock Exchange for the purpose of tying up public and private lands by doing nothing on them whatsoever. <\/p>\n","protected":false},"author":121246920,"featured_media":299192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Last Fall, radical Greens and their woke allies in Big Business moved to create something called \u201cNatural Asset Companies\u201d [NACs]. 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Treasurer Oaks was first appointed to the position in July 2021 and then elected in November 2022.","rel":"","context":"In \"\u2060Natural Resources Committee:\"","block_context":{"text":"\u2060Natural Resources Committee:","link":"https:\/\/climatescience.press\/?tag=%e2%81%a0natural-resources-committee"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0UT-Marlo-Oaks.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0UT-Marlo-Oaks.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0UT-Marlo-Oaks.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0UT-Marlo-Oaks.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0UT-Marlo-Oaks.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":297478,"url":"https:\/\/climatescience.press\/?p=297478","url_meta":{"origin":299189,"position":2},"title":"Beware the SEC’s Creation of ‘Natural Asset’ Companies","author":"uwe.roland.gross","date":"19\/01\/2024","format":false,"excerpt":"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.","rel":"","context":"In \"Natural Asset Company (NAC)\"","block_context":{"text":"Natural Asset Company (NAC)","link":"https:\/\/climatescience.press\/?tag=natural-asset-company-nac"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0am22-1200x925-1.jpg?fit=1200%2C925&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0am22-1200x925-1.jpg?fit=1200%2C925&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0am22-1200x925-1.jpg?fit=1200%2C925&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0am22-1200x925-1.jpg?fit=1200%2C925&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0am22-1200x925-1.jpg?fit=1200%2C925&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":297111,"url":"https:\/\/climatescience.press\/?p=297111","url_meta":{"origin":299189,"position":3},"title":"Victory! SEC drops \u201cnatural asset companies.\u201d Read our official submission","author":"uwe.roland.gross","date":"19\/01\/2024","format":false,"excerpt":"Read CFACT\u2019s official Submission to SEC: \u201cNatural asset companies\u201d are a ploy by the anti-development crowd to thwart safe and constructive land use. The SEC should not sanction non-use over optimal use of resources.","rel":"","context":"In \"Committee for a Constructive Tomorrow\"","block_context":{"text":"Committee for a Constructive Tomorrow","link":"https:\/\/climatescience.press\/?tag=committee-for-a-constructive-tomorrow"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0-Victory.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0-Victory.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0-Victory.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0-Victory.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0-Victory.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":294434,"url":"https:\/\/climatescience.press\/?p=294434","url_meta":{"origin":299189,"position":4},"title":"Natural Asset Companies: Greenwashing Wolves in Eco-Friendly Wool","author":"uwe.roland.gross","date":"10\/01\/2024","format":false,"excerpt":"Natural Asset Companies are an abomination in the process of being considered for listing as public companies on the New York Stock Exchange, by the US Securities and Exchange Commission. 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