Subject: File No. SR-NYSE-2023-09
From: Laura Pizarro

Enactment of this SEC rule (allowing NACs to be traded on the NYSE) would be a TERRIBLE idea and would equate to the BIGGEST LAND GRAB in American history! The United Nations' System of Environmental-Economic Accounting, intended to include forests, wetlands and other natural resources into calculating gross domestic product will not fly in the USA. NACs are a direct threat to our natural resources, including oil and gas production, mineral development and our farming/ranching communities. It would adversely affect property rights in a massive way. NACs would be devastating to our country's food production and to our economy at a bare minimum, all in the name of the climate change hoax & the Sustainable Development scam. Future development of NAC-designated land would be severely limited by using Conservation Easements that the Government has been pushing by offering tax deductions. The rights of property owners to manage their own property would be given to the NACs through these Conservation Easements without the property owners' knowledge and would essentially prevent future development of the land and many activities on it. These NACs must not be allowed to trade on the NYSE! This would allow foreign countries / companies to obtain private & public natural assets by purchasing or just managing them through the NACs. By doing so, it would limit our ability to access or utilize the land! In other words, public land could/would be off limits to the general public. This would also significantly ratchet down the use of our land. This would most likely result in the selling off of our land to the highest bidders such as BlackRock - or any foreign country or interest, effectively locking us out of our land. What good is owning your own land if you have no control over it? Foreign entities would be able to buy/manage NAC's. This would give them the management rights to our land. They would be able to "lock the assets up" from the American people, and essentially allow the land to sit fallow. Russian, Chinese, or Saudi sovereign wealth funds might see particular value in locking up U.S. natural resources. In addition to the economic harm NACs would cause, there are national security implications as well. The American people will not tolerate the United Nations' attempt to takeover our country, including this gigantic land grab.