The NAC Coincidence

In September 2023, Doug Seger at Intrinsic Exchange Group (IEG) asked the New York Stock Exchange (NYSE) to ask the Securities and Exchange Commission (SEC) for permission to list a new kind of company called a Natural Asset Company (NAC).

The NAC plan:
Anyone could start a NAC corporation: you, China, or George Soros. A NAC corporation would lease management rights for public land, or lease management rights for private land encumbered by conservation easements. A NAC corporation would sell stock on the NYSE and use the proceeds to lease land for 30 years to extract natural resources for profit. Some NAC corporations would be for "conservation only": they would lease public or private land and restrict access to it for "conservation reasons."

SEC announced the NAC proposal and opened the public comment period in October.

American Stewards of Liberty raised a big alarm.

Hundreds of comments poured in, nearly 100% opposed to the proposal.

SEC opened another comment period in December. Thousands more comments poured in, nearly 100% opposed. 

THIS IS THE LINK to the IEG Proposal.

THIS IS THE LINK to the public comments received by SEC. 

NYSE withdrew the NAC request in January 2024.

The NAC plan was bad for America. Its goal was to transfer land management rights to corporations that might be run by zealots or foreign governments.
What killed the NAC plan was public backlash from ordinary Americans who united against it.
It's funny how effective that can be.

The NAC coincidence:
In 2023, BLM made up the new Land Rule to allow "conservation leases" of public land to corporations. 
In 2023, IEG tried to launch the NAC concept so corporations could lease management rights for public land.
It was a coincidence.

Future:
This battle is not over. These people will try again. You should follow American Stewards of Liberty and send them a donation every year.

Also, be careful with Conservation Easements, you might get more than you bargained for. If you already granted a Conservation Easement on your land, it may be a good idea to contact the Conservancy or USFWS and find out who they can lease your easement to.