Dec. 20, 2023
To Whom It May Concern, I'm writing to express my extreme concern regarding the adoption of a new listing standard for the listing of Natural Asset Companies. Of the numerous concerns I have the main issues are, how would the US prevent foreign governments and entities from locking up large amounts of US land and propping up their own much less environmentally friendly practices from taking place, does the SEC and NYSE take no responsibility in the economic abundance that natural resource businesses provide to the greater economy, and is there a clear history of a listing like the one proposed actually working to the expectations of shareholders? The first issue listed of this would open up the US to foreign nations locking up our ground and making our country entirely reliant on them for commodity items is a real issue. As a nation, it's clear that part of the population is struggling with how to proceed in the future, but this proposed option does not solve any problems and will exacerbate many of our issues, such as affordability of most commodity style products. Regarding the second issue listed, where does the NYSE and SEC see their responsibility in value driven investing, ie the abundance from our markets? How would this product provide any direct value to shareholders? The clear answer is that it doesn't fit this at all and is clearly tailored for activism, which is essentially war against business and everyone loses in wars. Please do not enable the activist segment of our population with this. Lastly, with their being little to no history with this kind of listing being utilized, how can it be ensured that this won't be used for fraudulent and nefarious purposes? There are no safeguards here and the entire country would lose even more of our available resources. To summarize this, I see many risks and very few benefits in completing this adoption. America has more to lose than gain and I expect it will be only a matter of time before we'd see this being abused. To that, I ask that this proposal be denied or rejected outright and the SEC and NYSE stick to what's worked well for a very long time, which is value driven investing or things that actually generate economic output. Peter Deibel