SALT LAKE CITY – December 13, 2023 – Treasurer Oaks joined Glenn Beck to discuss a proposal under consideration by the Securities and Exchange Commission (SEC) to allow the New York Stock Exchange (NYSE) to list a new type of company called Natural Asset Companies (NACs) for public investment.
NACs will buy the “ecosystem services” on private, federal, and state lands and will permanently lock out productive economic activity on the lands.
“The proposed creation of Natural Asset Companies is one of the greatest threats to rural communities in the history of our country,” Treasurer Oaks said. “Under the proposal, private interests, including foreign-owned 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 serious curtailment.”
After an unusually short 21-day public comment period, the SEC is expected to make a decision on January 2.
“In western states, where the federal government owns more than half of the land and is pushing for more conservation easements, the effect could be devastating. Natural Asset Companies will work to acquire the easements, which they will be able to do without the landowners’ consent,” Treasurer Oaks said.
To listen to Treasurer Oaks’ interview on The Glenn Beck Program, visit: https://www.podplay.com/podcasts/the-glenn-beck-program-49622/episodes/the-government-wants-to-control-your-air-guests-mark-levin-marlo-oaks-12-13-23-233711396.
For more information about NACs, visit: https://americanstewards.us/the-latest-news-on-the-natural-asset-scam/.