Natural Asset Companies aim to put the land and water of America's heartland in the hands of Wall Street.
The original proposal for controversial Natural Asset Companies on the New York Stock Exchange may have hit a dead end, but that doesn't mean the idea has been scrapped altogether - and it's a worrying issue that isn't getting a lot of attention in the mainstream media.
With NACs, major corporations like BlackRock and big investors like Bill Gates - and perhaps even the Chinese government - could purchase the ecosystem rights to NAC-controlled properties, including their air, water, land and natural processes.
"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. Recreating on Utah's incredible natural lands could also face significant curtailment," he cautioned.
Even though the original proposal has not moved forward yet, Oaks is not convinced it is dead. "The agenda is still alive. After spending 2 1?2 months researching and engaging in national conversations with experts to fight this, I have a heightened awareness of the Biden administration's efforts to use land to address various policy issues," he said, adding that the federal approach would entail forming new conservation leases and natural capital accounts based on valuing ecological services such as photosynthesis and pollination.
According to the New York Times, the NYSE's withdrawal of the proposal to list natural asset companies for public trading is not the end of the road for the concept.
"Natural Asset Companies are an attempt to grab hard assets to make up for an inevitable collapse. But taking more land out of production makes it certain that collapse moves ever closer," she noted.
https://www.naturalnews.com/2024-06-12-nacs-put-land-water-american-heartland-wall-street.html
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