By Shad Sullivan, R-CALF USA | SOURCE: The Fence Post
Quietly, on Sept. 29, 2023, the Securities and Exchange Commission, at the request of the New York Stock Exchange, proposed a rule to create a new type of company called a Natural Asset Company or NAC. According to the proposed rule, a NAC would “hold the rights to ecological performance,” giving these companies license to control the management of both public and private lands through quantifying and monetizing natural outputs such as air and water. In other words, NACs would use the air you breathe as currency.
Under the guise of climate change, NACs would make this “control” mechanism profitable without the actual use of the land itself. By monetizing and leveraging the management of these natural outputs their war cry of “ecological performance” would fall under the rules of sustainable development. “Natural assets” would now belong to corporations that are potentially run by special interest groups such as The Nature Conservancy and the World Wildlife Fund, thereby requiring all production tied to the land to fall under the sustainability rules established by these non-governmental organizations.