Backlash nixing SEC creating ‘natural asset companies’ succeeded, but some warn concept is not dead

The Bureau of Land Management is currently proposing a rule that would create a new type of lease for non-use of public lands. Critics of a related rule proposed by the SEC argue that the rules were designed to work in conjunction with one another.

Opponents of a proposed Security and Exchange Commission rule that would have created a new kind of Environmental, Social and Governance investment are celebrating the New York Stock Exchange’s (NYSE) decision to withdraw the proposal.

“This is a clear win for farmers, ranchers, loggers, miners, energy producers, energy users, and all who enjoy the use of public lands. It is also a clear sign that when the insidious policies being considered by this administration are exposed, they can be defeated,” Rep. Harriet Hageman, R-Wyo., said in a statement.


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