The Epoch Times’ Kevin Stocklin discusses his new article about the plan to create Natural Asset Companies (NACs), which would buy rights to control America’s natural resources.

Wall Street may have figured out a way to push for the Green New Deal while making a profit. But not everyone seems to be on board with this plan.

In a new piece for The Epoch Times, senior investigative reporter Kevin Stocklin discusses how The New York Stock Exchange (NYSE) is working alongside the Intrinsic Exchange Group (IEG) to set up Natural Asset Companies, or NACs for short. The goal of NACs is to buy the rights to public and private lands and then manage them for “sustainability.”

The NYSE filing with the Securities Exchange Commission (SEC) states that “investors still express an unmet need for efficient, pure-play exposure to nature and climate. Ending the overconsumption of and underinvestment in nature requires bringing natural assets into the financial mainstream.”

The filing continues, “Healthy ecosystems produce clean air and water, foster biodiversity, regulate the climate, and provide the food on which our existence depends. These and other benefits derived from ecosystems are called ecosystem services, and in the aggregate, economists estimate their value at more than US$100 trillion dollars per year.”

But not everyone sees this as a positive. Rep. Harriet Hageman (R-Wyo.) calls it “just a sneaky way to allow very wealthy people to control even more of our natural resources.”

“It is an effort to impose another layer of control, and to securitize our national parks, our national forest lands, and some private properties throughout the entire United States,” Rep. Hageman states.

Alaska’s Department of Revenue Commissioner Adam Crum described the move as a “terrifying prospect.”

“We look at this as a way for the federal government to lock up land in the state of Alaska against development and block future resource prospects,” he noted. “This is a massive decision that’s going to affect the public trust and public lands forever, and we’re not getting proper time of response.”

Bottom line? “It reeks of nefarious means.”

Stocklin joins us now to discuss the piece further.

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