Natural asset companies’ proposed rule threatens property rights
R-calf Usa Director Shad Sullivan
Wednesday, January 10, 2024
Quietly, on September 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 (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.