Episode 258: Natural Asset Companies: A Scheme to Profit From the "Degrowth" Agenda with Margaret Byfield
On September 27, 2023, the New York Stock Exchange and the Intrinsic Exchange Group submitted a proposal to the Securities and Exchange Commission to create a new type of company called a "Natural Asset Company", or "NAC" whose primary purpose would be to manage and grow so-called "ecosystem services" on land throughout the United States.
NACs would be empowered to manage every type of property: federal, state, and private land, including conservation easements to maximize their so-called "ecological value."
Critically, what they are not allowed to do is anything considered "unsustainable"…
The skinny
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