Jan. 12, 2024
Dear SEC, I oppose SR-NYSE-2023-09. This new company idea would allow NACs to buy the ability to control or “manage” productive public & private land and/or other natural resources. Their stated purpose is not to make a profit or be productive, but to protect, conserve, restore and preserve these natural “assets”. If that is the case, how can do they even qualify as a "company"? They aren't oriented towards making profit for shareholder. They aren’t seeking to manage resources to improve their earnings potential, rather they would often be seeking to remove the productivity of assets in the name of some type of "climate justice". Not only could NACs impact our ability to generate and access energy, critical minerals, water and food, but it could also put those decisions in the hands of institutions, such as foreign governments, which could invest in these NACs and have de facto control over America’s resources. These NACs are a threat to our country's resource security. Please do not approve this proposal.