I am writing to express my strong opposition to the formation of Natural Asset Companies. I see no benefits to the creation of NACs to American citizens or the American public, and numerous risks. I fail to see how NACs offer any benefit to more traditional regulatory models in ensuring the reasonable, sustainable, and economically viable use of land and natural resources. If we want and need to do more to conserve water, for example, there are steps that can be taken through better regulation and enforcement with the benefit of relative transparency and accountability. The creation of NACs, meanwhile, poses a number of very significant risks to the public interest, not limited to: creating a means by which foreign parties and private companies will have more control over public and private natural resources; infringement on the rights or property owners without providing them with sufficient legal recourse; the means to restrict use of potentially strategic resources (e.g., gas and oil) without providing American citizens the right to express their views and preferences through a democratic political process; shift in control over the use of public and private resources to unaccountable private or foreign interests outside the influence of American citizens through legal and political channels. For all these reasons and more I strongly object to the proposed NAC model.