Subject: File No. SR-NYSE-2023-09
From: Nancy Miner

As an owner of farmland in rural Arkansas I am quite concerned about Government Over-Reach concerning the UN's Agenda 30 by 30 and the proposed financialization of our natural environment by Wall Street. I agree with Treasurer Oaks of Utah: “The proposed creation of Natural Asset Companies is one of the greatest threats to rural communities in the history of our country,” Treasurer Oaks said. “Under the proposal, private interests, including foreign-controlled sovereign wealth funds, could use their capital to purchase or manage farmland, national and state parks, and other mineral-rich areas and stop essential economic activities like farming, grazing, and energy extraction. Recreating on Utah’s incredible natural lands could also face significant curtailment.” Unlike other types of companies, the purpose of a NAC is to maximize the value of the land’s “ecological services,” rather than generate a profit from traditional activities. "Unsustainable extractive activities" including energy extraction and the use of farm machinery and synthetic fertilizers, would be prohibited on NAC-managed land. "In western states, where the federal government owns more than half of the land and is pushing for more conservation easements, the effect could be devastating. Natural Asset Companies could acquire the easements without the landowners' consent.