Natural Asset Companies Proposed Rule Threatens Property Rights The Securities and Exchange Commission proposed a rule in September to create a Natural Asset Company (NAC). Under this proposed rule, a NAC would “hold the rights to ecological performance,” giving these companies license to control the management of both public and private lands through quantifying and monetizing natural outputs such as air and water. In other words, NACs would use the air you breathe as currency. This rule uses climate change as a mechanism to control and profit from land without owning the land, but by leveraging and then monetizing the management of the land. These ‘natural assets’ would belong to corporations that are potentially tied in with World Wildlife Fund and others. NACs hold the potential to be a direct threat to agricultural production on land in terms of property rights, consolidation of power, and transfer of wealth on an international scale.