Whether or not resources are under or over consumed is nothing that should concern bureaucrats with little if any understanding of market realities. Is beef overproduced? Is oil? Is coal? Is copper? Is corn? Nor does any sane person think that federal interest in anything relating to the economy or natural resources has any bearing on the interests of citizens or producers engaged in legal business. It is ridiculous to have the SEC occupying its time with facilitating the acquisition of capital by entities whose concern is for airy fairy notions of "appropriate" resource use. It is a given that whatever the SEC or the federal government is concerned with today is to vindicate some controversial nots of equity, social justice, government action wildly divorced from the congressional powers enumerated in the Constitution. Nor should federal regulations encourage or facilitate anything like sequestration of productive assets. Vast wealth available to individuals and foundations should not be used for the abstract purpose of sequestration. The unique circumstance of possession great wealth is no guarantee at all of economic, social, or political wisdom. Some latitude in listing commercial corporations there should be but which is the NYSE to be put at the service of mere "entities" not devoted to legitimate economic activity. What's next? Listing the ACLU, the Sierra Club, the SPLC? With vast wealth available to acquire property and no operating expenses afterwards, the essence of this proposal is that vast funding opportunities are to be granted to these NACs who can then offer mouth watering sums to private individuals to transfer development rights greatly skewing land ownership in favor of sequestration. Then there is the question of what resources are to be acquired? Are NACs to be able to acquire rights to development on public land? In these days far nuttier policies are implemented. And who is to say that federal agency administrators would not convey valuable public assets to favored groups at far less than their market value? Is that the new plan for reduction of our national debt? What would be the authorization for that kind of a federal sale anyway? Are such lands as Yellowstone National Park to be compromised in this way so that the proceeds of any sale end up in "miscellaneous receipts" to be remitted to the Treasury. Does this regulation concern itself with this aspect of rights acquistion? Does it concern itself with ANY kind of negative consequences?