State AGs Blast Biden, Wall Street Plan to Sell Rights to America’s Public Lands

The Epoch Times Header

‘It’s about power, money, and who controls what can happen on these lands,’ Utah Attorney General Sean Reyes warns.

The current plan by the New York Stock Exchange (NYSE) to create Natural Asset Companies (NACs), which would buy up land rights throughout America, faced heavy criticism from 25 state attorneys general, who in a Jan. 9 letter urged the Securities and Exchange Commission (SEC) to reject the concept.

“What is happening here is clear,” the AGs wrote. “The Commission and the NYSE are seeking to implement a radical environmental agenda through the rulemaking process (and outside the legislative process).”

“This type of decision, particularly given its vast economic consequences, must be left to Congress and not the Commission or the NYSE,” they stated.

The idea for NACs was developed by an activist eco-organization called the Intrinsic Exchange Group (IEG), funded in part by the Rockefeller Foundation, in partnership with the NYSE. NACs would pool investors’ money from around the world to buy the rights to public and private land in the United States and limit its use to “sustainable” endeavors.

Currently, much of the land under federal control is intended for public use, which includes farming, ranching, hunting, fishing, drilling, mining, hiking, and camping, according to its designation by Congress. In many western states, including Idaho, Alaska, and Utah, more than 60 percent of the land is government owned. About 85 percent of the land in Nevada is government owned.

“On the spectrum of serious ESG threats, this is one of the most concerning, and least understood,” Utah Attorney General Sean Reyes, who co-authored the letter, told The Epoch Times. “I don’t think most people in America even know about it; it was done very quietly.

“There are a number of interests—big government, extreme environmental activism,” he said. “It’s about power, money, and who controls what can happen on these lands.”

The proposal to alter the NYSE’s governing rules to allow this new type of company on the exchange currently sits with the SEC, awaiting approval. The original public comment period was set at an unusually short 21 days, running through the Christmas holiday until Jan. 2.

After protests from 32 Republicans in Congress and 22 red-state financial officers, the SEC extended the comment period until Jan. 18. Anyone wishing to comment can do so at https://www.sec.gov/rules/sro/sr-nyse-2023-09.

By Kevin Stocklin

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Columns

Why Fishermen Are Catching Fewer Lobsters in Maine

For veteran lobsterman Travis Dammier, it was the end of another trip at sea on a solo voyage to earn a living.

Viewers like you

There is no constitutional authority for any spending on public broadcasting – period. Any questions: See Article 1, Section 8 of the U.S. Constitution.

Beyond the Trump-Musk fallout?

We are witnessing an unprecedented, unhinged Democrat effort to use lawfare, big Democrat donors, street theater, congressional disruptions, potty-mouth videos, the administrative state, the legacy media, and discredited pollsters to stop the Trump agenda.

Trans-wormal

No worm ever said "I am anthropomorphizing, I am a butterfly" to a toad or flock of geese and expected acknowledgement and support.

In Greenland’s Icy Capital, Past Troubles Haunt Hopes for the Future

As geopolitical realities and ongoing economic growth raise the stakes, U.S. interest in Greenland and the dream of independence may change things in a big way.

News

Why Drug Price Reform Alone Won’t Heal America

What happens when medications become too cheap, plentiful, and automatic and we don’t reform how drugs are used? We risk clinical harm.

Trump Says Musk Will Face ‘Very Serious Consequences’ If He Backs Democrats

President Trump warned that Musk could face “serious consequences” if he decides to back Democratic political candidates in upcoming elections.

Judge Declines to Block Trump Admin From Dismantling Library Services Agency

A federal judge cleared the way for the Trump admin to move forward with plan to dismantle the federal agency that funds libraries nationwide.

Supreme Court to Review Alabama’s Death Row Case Concerning IQ Test

The Supreme Court will consider how courts should weigh multiple IQ tests when assessing a death row defendant’s claim of intellectual disability.

US Travel Ban Will Not Hinder Los Angeles Olympics, LA28 CEO Says

Trump’s directive banning citizens from 12 countries from entering US exempts athletes. Officials confident Games have full backing of administration.

Musk Mulls New Political Party Amid Feud With Trump

Elon Musk is considering launching a new political party in wake of his public fallout with President Trump over a major Republican tax and spending bill.

Citigroup Reverses Course on Controversial Firearm Policies

Citigroup reversed its policy requiring retail business clients to refrain from selling firearms to those who haven’t passed background checks.

AI Is Taking Thousands of Jobs; Is Yours at Risk?

Just as the internet radically changed how America conducts business, AI is also making waves in the workplace by taking thousands of jobs.
spot_img

Related Articles