In the news

UT State Treasurer Challenges Natural Asset Companies

by | Nov 17, 2023 | NACs | 0 comments

UT Treasurer, Marlo Oaks penned this great op-ed published in today’s print edition of the Wall Street Journal. He challenges the validity of “Natural Asset Companies,” and raises the concern that approval of these vehicles will create significant market distortions.

Companies That Can’t Make Money

The SEC pushes a plan to misallocate capital by buying land and taking it out of productive use.

By Utah State Secretary, Marlo Oaks | Published in the Wall Street Journal

“The Biden administration last month began laying the groundwork for a misguided plan that threatens to misallocate vast amounts of capital, encumber natural resources, and destroy rural economies by removing land from productive use in the name of solving climate change.

On Sept. 27, the New York Stock Exchange quietly submitted a substantial and financially material proposed change to its rules. The proposal would allow the formation of a new type of company. Natural Asset Companies, or NACs, would purchase the rights to control public and private lands, such as parks, forests and farms. But a NAC wouldn’t be able to put the land to economic use. Instead, it would preserve its acquisitions to maximize the value of the land’s “ecological services.”

Continue reading on WSJ (requires subscription)

Liberty Matters

Subscribe to our bi-weekly online analysis about the issues affecting your property rights.


Standing Ground

Receive our quarterly journal that provides our insights into current and emerging property rights issues.
Free with membership.

Join Now

Action Alerts!

Get our action alerts so your voice will make an impact. (If you are a Member or Subscriber you are already signed up)

Sign Up

Issue Guides

Find the ASL issue guides here to help you with the background, talking, and all the tools to educate your community. And it's free!

Learn More

Policy Briefings

Explore our in-depth briefing papers designed especially for policymakers and elected leaders with in-depth analysis of the issues.

Learn More