SEC proposal invites fraud by creating special rules for ‘Natural Asset Companies’

In August 2021, the World Economic Forum penned an article stating “valuing natural capital is key to the future of investment.” In it, the WEF stated that “the best way to predict the future is to create it.” The article makes the case that the “linear economic system (take-make-use-throw)” needs to be replaced. WEF looked to “disrupt[] or replac[e] the linear economy.”

Just two years later, the WEF’s plan appears to be set in motion in the United States. And, as predicted, the system would threaten the current economy and upend current securities foundations and principles.

The New York Stock Exchange (NYSE) has proposed a rule for the Securities and Exchange Commission (SEC) to promulgate that would create an entirely new type of company. These “Natural Asset Companies” (NAC) would have the “primary purpose is to actively manage, maintain, restore … and grow the value of natural assets and their production of ecosystem services.” Examples of ecosystem services under the proposed Rule would be “air, water supply, flood protection, productive soils … climate stability, habitat for wildlife, among others….” These NACs would be prohibited from using the lands in “unsustainable” ways, such as mining.

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